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News release

Chrysler Accelerates into Port Melbourne


MELBOURNE, 21 February 2012– Chrysler Australia will be loading up the Jeep Cherokee and moving its Head Office and warehouse facility into Port Melbourne Industrial Estate. The estate is now owned by Goodman International following the purchase of the business park in 2010 from the ING Industrial fund.

Jones Lang LaSalle's directors Lincoln Reynolds and Ashley Buller negotiated the 12,000 square meter sub lease at Store D, 437 Plummer Street, Port Melbourne. Mr Reynolds said "This is a great deal for the market this early in the year and should encourage confidence and stimulate activity across the Melbourne Industrial leasing, development and markets.”

Chrysler Australia's Managing Director Clyde Campbell confirmed a 5 year commitment and added, “We are very excited about the relocation of our head office to Port Melbourne and the relationship with Goodman International.  We are really looking forward to the positive effect we predict our new location will have on our overall business,” Mr Campbell said.

According to Mr Campbell, the move comes hot on the heels of the most successful year in the group’s Australian history “The Chrysler group had an exceptional year in 2011, with a new, broader sales base, increasingly satisfied customers, an outstanding dealer network, impressive new products, and the recruitment of high performance staff,” he said. 

 “The time is right for us to make our presence felt in the Australian market, and the new Port Melbourne headquarters are designed to ratchet up our efficiency so we can better service our customer base and dealer network,” Mr Campbell concluded.
 
In the last 6 months, Jones Lang LaSalle Directors Lincoln Reynolds and Ashley Buller have leased 26,000 sqm within the Goodman owned business park, 8,000 sqm to New Zealand based Brand Developers and a further 6,000 sqm to Continental Freight Services.
 
Mr Reynolds said, “Port Mebourne is now experiencing an undersupply of larger properties, driven by increasing land values and a lack of construction.   “The need for occupiers to access the road network and the CBD are the key drivers behind the increased enquiry levels and demand for Port Melbourne,” Mr Reynolds said.