News release

JLL secures pre-lease in WA’s north industrial precinct

Malaga continues to be a strong performing industrial sub-market in Perth’s northern industrial corridor

July 05, 2021

PERTH, 5 July 2021 – A detailed search undertaken by JLL’s Logistics and Industrial (WA) team, has led to finding new premises for global corporation, Rexnord Corporation.

Servicing the mining, energy, aerospace, and automotive industries worldwide, the corporation entered the market for a new facility to expand and upgrade their accommodation, and will now call Malaga in WA home, in a deal brokered by Ross Palframan, Associate, JLL Logistics and Industrial.

Due to lack of existing supply in the current market, JLL identified in order to successfully source a suitable facility, a design and construct was the most viable option for Rexnord Corporation. This also took into account their specialised requirements including cranes, power supply and time constraints.

Mr Palframan said, “After conducting an extensive market search, and having pre-existing relationships with major industrial developers in Perth that could deliver a project of this nature, we identified a suitable development site owned by a valued private client.

“We worked with both the tenant and the landlord to refine the tenant’s operational requirements, finalise the design, and negotiate commercial terms for the property, with the tenant and landlord entering into a long term agreement,” added Mr Palframan.

This transaction reinforces the increase in demand and confidence underpinned by the mining and resources sector and continued infrastructure spending.

As a result, there is a trend of increased net absorption and decreasing supply levels of existing facilities across the WA industrial market. Occupiers are now taking a long-term outlook on expanding and upgrading their accommodation through modernisation and consolidation programs and taking advantage of opportunities for a flight to quality.


About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 91,000 as of March 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.