When Hempel International the 100 year old Dutch company purchased Wattyl Paints they acquired a 100 year old Australian company that gave them a position in the Australian domestic market. That was just (2) years ago.
Today Hempel (Wattyl) Australia Pty Ltd occupy this state of the art paint showroom warehouse.
Set in the busy Warners Bay Home Maker and Home Improvement Precinct Wattyl benefit from high exposure, easy access and great car parking. On the acquisition by Hempel new leases were signed with the current (5) year lease expiring in July 2026 with a (5) year option.
Extension into the option period of the lease can almost be assured due to the design of the building that separates the warehouse from the showroom through (4) hour fire rated walls, (2) hour fire rated ceiling, sophisticated extraction systems, and a bunded floor that can hold 20,000 litres of paint.