Cotton On has been announced as the anchor tenant for Avalon Airport’s brand new 40 hectare Industrial Precinct.
Premier Daniel Andrews committed State Government funding for the new precinct in August, and just weeks later announced the name of the new tenant.
Linfox and Cotton On will invest $40million between them to create the new distribution centre. It will be a state of the art facility, 35,000 square metres and processing 300,000 products per day.
Cotton On’s seeds were planted in 1988 in Geelong when Nigel Austin began selling acid wash jackets at Beckley Market. The first clothes store opened just a few years later, and since then it’s been a story of growth and spread as it opened across the world, diversifying its product to include shoes and stationary.
But its head quarters remain in North Geelong.
“We are incredibly proud of our Geelong heritage and the contribution we have been able to make to the Geelong community over the last 25 years,” said CFO of Cotton On Group, Michael Hardwick. “We are thrilled to be part of the development of the new industrial precinct at Avalon Airport.”
The precinct is set to diversify the airport’s operations and attract new business and industry into the area, and the importance of securing such a fine company as the first tenant cannot be underestimated.
“We’re thrilled that the Cotton On Group will be the anchor tenant of our new Industrial Precinct,” said Avalon Airport CEO Justin Giddings. “It’s a terrific beginning for the precinct, which will provide great opportunities for further developments, and create more jobs for the Geelong and Wyndham regions.”
The Avalon Airport Masterplan was signed off by the Federal Government late last year, paving the way for the expansion.