Sydney, 16 December 2013 – Drape hire firm The Look has taken out a five-year lease on a modern freestanding building in Botany.
Located at 17 Greenfield Street, the 700sqm building offers ultra-high clearances, container access via a roller door, a modern office area and supporting facilities. The annual rent is $160 per square metre net plus GST.
CBRE’s Mark Silva, who negotiated the deal on behalf of the private lessor, said the internal height and location of the property were key factors in the deal.
“This property represented an ideal opportunity for the lessee to acquire a professional presenceand remain in the sought after South Sydney market,” Mr Silva said.
Botany is located approximately 11km south of the Sydney CBD.
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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 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 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 atwww.cbre.com.au.