Melbourne, 8 July 2014 – Specialty tyre and wheel supplier Trelleborg Wheel Systems Pty Ltd has consolidated its Melbourne operations by leasing a brand new industrial facility in Dandenong South.
The company, a subsidiary of global corporation Trelleborg, committed to a seven-year term on the property, located at 25 Darby Way, within the prominent Logis Estate. The initial rental is within the range of $80 - $90 per square meters.
The property comprises 1,673sqm of warehouse space, a two storey office covering 277sqm and four roller shutter doors under canopy.
CBRE’s James Jorgensen and Bryce Pane negotiated the deal on behalf of a private developer.
Mr Jorgensen said the new facility would support Trelleborg’s growth strategy.
“The move to Darby Way has enabled the lessee to consolidate its existing two premises into a corporate style building in a high profile location – both of which are more aligned with the firm’s global image and future business position,” Mr Jorgensen said.
“The property’s location between two diamond interchanges was also a key factor in this deal.”
Dandenong South is located approximately 40km south-east of the Melbourne 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 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.