Sydney, 18 August 2014 – Western Sydney is set to receive a major new indoor sporting centre after Futsal Institute Pty Ltd secured an industrial facility in Wetherill Park.
Located at 1/511 Victoria Street, the industrial property comprises 3,300sqm and features concrete panel walls and metal deck roofing. The building offers a high clearance warehouse suitable for four indoor courts.
CBRE’s Elijah Shakir negotiated the deal on behalf of lessor Alem Pty Ltd. Futsal Institute committed to a five-year term on the property, with five-year option, for a rental of $107 per square metre gross.
Mr Shakir said: “The location and exposure was the most prominent factor in securing the building. The catchment area will benefit from a sporting facility of this nature.”
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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 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 350 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.