Stage II and Polyaire Commit to Wilmac Corio Development

Geelong-based fashion company Stage II has pre-committed to relocating its warehousing headquarters to the Wilmac Corio development in Corio, while national HVAC supplier Polyaire has secured a seven-year lease for a 1400sq m facility. The move supports Stage II's expanding logistics operations across Australia, New Zealand, and Asia, while Polyaire aims to deliver high-level service to its customers. The development, which features 12 warehouses of 1000sq m or more, has attracted high-profile businesses and is poised to become a key industrial hub in the region.

Key Takeaways:

Stage II has pre-committed to relocating its warehousing headquarters to the Wilmac Corio development, doubling down on the estate with the purchase of Lot 4 and lease of Lot 6 for a combined 4811sq m of floorspace.
Stage II's chief financial officer Rohan White highlighted the need for quality large-scale warehousing solutions in the Greater Geelong region, with convenient access to Geelong's CBD and proximity to the distribution network in Melbourne making Wilmac Corio an attractive choice.
Polyaire has signed a seven-year lease with a five-year option for Lot 1 in Stage 1, securing a 1400sq m facility with mezzanine office space and dual roller doors, serving as the new Geelong base for the company as it relocates from Belmont.
Wilmac Corio is the only industrial project in the region offering new warehouses of 1000sq m or more, with three of the 12 warehouses remaining on the market for sale or lease, and the developer clocking up $43.7m in transactions in the $56.5 million project.
Polyaire national property and fleet manager Dean Placanica emphasized the strategic position of their new location, supporting their commitment to deliver high-level service to their clients.
Knight Frank's Steve Jones noted that Geelong offers relative affordability for industrial users compared to Melbourne, while also having strong growth prospects due to its strategic location and accessibility.

Statistics:

12 warehouses of 1000sq m or more are available at the Wilmac Corio development.
Stage II has purchased Lot 4 and leased Lot 6 for a combined 4811sq m of floorspace.
$43.7m in transactions have taken place in the $56.5 million project to date.
Three of the 12 warehouses remain on the market for sale or lease.
Polyaire's new Geelong base at Wilmac Corio covers 1400sq m with mezzanine office space and dual roller doors.

Sources:

Stage II chief financial officer Rohan White
Polyaire national property and fleet manager Dean Placanica
Knight Frank's Steve Jones
Wilmac Corio development (developer)
C3 Constructions (constructor)
Victorian Government (relevant data on Geelong's industrial market)