Sydney, 29 February 2016 – Swan Developments Pty Ltd has committed to a five year lease over an industrial facility in the Western Sydney suburb of Wetherill Park.
The modern freestanding building is located at 71 Elizabeth Street and has a net lettable area of 2,087 square metres. The property offers a mix of office and warehouse accommodations and benefits from a high power supply of 600 amps.
CBRE’s Elijah Shakir and negotiated the lease deal at $210,000 gross per annum, on behalf of PH Pty Ltd.
Mr Shakir said the property represented an outstanding opportunity for the tenant to acquire freestanding premises with excellent exposure to Elizabeth Street.
“This complex fit the tenant’s geographical requirements, located in the tightly held Wetherill Park region within close proximity of major arterial roads.”
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.