Amazon looking to expand in Australia
Global online retailer Amazon is reportedly considering Australia as a potential base in the Asia-Pacific region as the company begins its next phase of expansion plans.
One of Australia’s key attractions for Amazon is said to be the supply of quality warehouses and attractive rents.
Property agents say they are expecting company representatives will tour prospective sites on the eastern seaboard in coming months.
Over the past two years Amazon has invested in nine warehouses in Europe, covering almost 700,000 square metres, and is expected to be interested in sites not smaller than 40,000 to 50,000 square metres, which are close to transport hubs such as Port Botany and Port of Melbourne.
Online retailing in Australia currently accounts for more than 10 per cent of total retail sales.