NSW-based furniture manufacturer and importer Vivin Imports has signed a seven year agreement with Frasers Property Australia to lease a purpose-built 26,055 square metre office-warehouse facility.
Featuring an impressive showroom of 2,000 square metres, the new development will be located within the Horsley Drive Business Park, a 21.4 hectare estate with access to Sydney’s primary motorways.
Vivin Imports Managing Director Ritesh Bhatia said the lease of the new industrial development would allow Vivin Imports to not only cater for organic growth but also positions us to grow by the acquisition of complementary businesses.
Frasers Property General Manager of Commercial and Industrial assets, Ian Barter said the recent growth in the residential property sector has fueled strong demand for industrial space from domestic trade related industries, particularly in Sydney.
TM Insight was appointed by Vivin Imports to undertake the physical and operational design of the new facility, as well as the property procurement and project management for the new site. The development opportunity was packaged so that every fit-out element was documented, resulting in minimal capital requirements being placed on Vivin Imports for the significant project.
“Occupiers should undertake a detailed analysis of the future health of their total business by assessing their operational and fit-out requirements," TM Insight's Jack Moroney said.
"By setting the prerequisites of a facility before engaging the real estate market, it will enable operational efficiencies to produce the most optimal outcome for a business."Vivin Imports is one of Australia’s largest furniture importers and wholesalers specialising in contemporary furniture which is made in India, China, Vietnam, Malaysia and Indonesia.
The project will result in the consolidation of two current warehouses occupied by Vivin, providing 35% more building area to cater for the company’s projected growth. The operational benefits will far outweigh the percentage growth in floor area, with the facility being designed to provide greater storage capacity per square metre than the previous locations, whilst also implementing market leading supply chain practices which will enable exponential growth by increasing stock throughput and minimising inventory holding times.