One of Australia’s largest caravan suppliers, New Age Caravans, has expanded its manufacturing operations after leasing a new site in Melbourne’s north.
New Age Caravans – part of Walkinshaw Automotive Group – has signed a three-year lease on a 10,590sqm property at 82 Taryn Drive in Epping.
CBRE’s Daniel Eramo, Daniel De Sanctis and Dean Hunt negotiated the lease on behalf of Propertylink. The lease takes the total space leased by CBRE to caravan manufacturers in 2018, to more than 24,800sqm.
Mr Eramo commented on the transaction: “We are continuing to see strong demand for properties in excess of 4,000sqm in Melbourne’s north, which is resulting in little to no lease vacancy periods being experienced – as demonstrated by this lease deal.”
“The uptick in demand for space from caravan manufacturers highlights the appeal of this precinct, with it able to offer exceptional loading facilities and expansive space.”
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.