Vaughan Constructions will deliver more than $12 million in new facilities to Fort Knox, which is a joint venture between the Wilson Family and McMullin Group, and supermarket chain Aldi.
The two new custom-built facilities, which will sit on adjacent allotments on Sydney Road, Coburg North, include Fort Knox’s three level, 13,420 square metre self-storage facility and Aldi’s 1734 square metre store. Aldi will lease this from Fort Knox.
Vaughan’s development manager in Victoria, Chris Telley, said the Aldi development included two additional tenancies that will be let following the completion of the main Aldi store development, which includes 123 car spaces on the 9,180 square metre site.
“We’re delighted that one of Melbourne’s best known developers, McMullin Group, has again chosen Vaughan Constructions as its preferred builder for the Fort Knox and Aldi projects,” said Telley.
With the new Aldi store, Vaughan Constructions has built more than 100,000 square metres for the German brand.
Fort Knox director, Guy Wilson, said this was Fort Knox’s tenth storage facility in metropolitan Melbourne since its inception in 1996.
It would cater to the increasing demand for a billion-dollar industry, he said.
“Self-storage has really come into its own, especially over the last decade with the increase in higher density living, renting as opposed to owning, and generational lifestyle changes, among the key drivers,” said Wilson.
“This new facility is about responding to rapidly increasing demand and the very positive feedback we have had from our client base,” he said.
The Aldi store is among nearly 150 Victorian stores, and more than 500 Australia wide, built since the first store opened in 2001.
McMullin Group director, Ian McMullin, said Sydney Road was one of the most sought after addresses in northern Melbourne.
“This is an exceptionally well located site that will infinitely enhance the success of both the Fort Knox and Aldi businesses in this part of Melbourne,” he said.
“It’s about location, but it’s also about maximising the potential of the sites with modern, operationally efficient and customer focussed buildings which Vaughan has a reputation for delivering,” said McMullin.
Vaughan Constructions’ portfolio includes some of the largest industrial structures in the Southern Hemisphere, including the Melbourne Southern Regional Distribution Centre for Woolworths.