logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
Australia
  • Global
  • United States
  • Angola
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Morocco
  • Netherlands
  • New Zealand
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Russia
  • Saudi Arabia
  • Singapore
  • Slovakia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Lines
      • Advisory & Transaction Services
      • Capital Markets
      • Global Workplace Solutions
      • Investment Management (CBRE Global Investors)
      • Project Management
      • Property Management
      • Valuation & Advisory Services
    • Industries & Specialties
      • Agribusiness
      • Build-to-Rent
      • Building, Depreciation & Cost Consultancy
      • Government Real Estate Advisory & Transactions
      • Hotels
      • Industrial & Logistics
      • Office
      • Residential
      • Retail
      • Retirement & Healthcare
      • Sustainability
      • Flexible Workspace
    • Services for Investors
      • Debt and Structured Finance
      • Host
      • Institutional Investments
      • International Investments
      • Investment Accounting & Reporting Solutions
      • Investment Advisory
      • Structured Transactions & Advisory
      • Leasing & Advisory
      • Metropolitan Investments
      • Property Management
      • Property Sales
      • Recovery & Restructuring
      • Valuation & Advisory
    • Services for Occupiers
      • Facilities Management
      • Host
      • Leasing & Advisory
      • Occupier Consulting
      • Portfolio Services
      • Sale and Leaseback
      • Structured Transactions & Advisory
      • Transaction Management
      • Valuation & Advisory
      • Workplace
  • Properties
    • Agribusiness
      Hotels
      Industrial & Logistics
      Institutional Investments
      Metropolitan Investments
      Office
      Residential
      Retail
  • Research & Insight
    • Australia Research
      Asia Pacific Research
      Global Research
      COVID-19 Insights
      Expert Opinions
      Talking Property Podcast
  • People & Offices
    • Pacific Executive Committee
  • About CBRE
    • [email protected] - LGBTI+ Inclusion
      Careers
      Case Studies
      Client Tools
      Corporate Information
      Corporate Responsibility
      Investor Relations
      Media Centre
      The Place Makers

Previous

Press Release
Strong investor demand for Coles and ALH pubs continues

Next

Press Release
Local developers beat offshore groups to snap up two Melbourne sites for in excess of $40 million
  • Home
  • About CBRE
  • Media Centre
  • New tenant for iconic Gold Coast property

New tenant for iconic Gold Coast property

18 January 2015
  • Email
  • Share
  • Tweet
  • Share
Brisbane, 19 January 2015 – The Nerang ex-headquarters of V8 Supercars found its first new tenant with the ground floor being leased to Lantrak, a leading building hire company across Australia.

The property located at 34 Nerang St is owned by Terry Morris, a prominent Gold Coast businessman and the owner of Carrara Markets, Sirromet Wines and Good Times Pub Group, 

CBRE’s Nick Selbie negotiated the lease for 274.5sqm of the property, on a five year term with five year option for an annual gross rent of $420/sqm.

Mat Stenham, Lantrak Business Unit Manager said; “The building supported every need to accommodate Lantrak’s growing requirements, with exceptional design and build quality, and an ideal location on the Nerang River to service South East Queensland. Operating in materials haulage and relying on road infrastructure, it is crucial for Lantrak sales representatives to have direct access north and south bound of the M1, and for its contractors to have equal access to the new premises.”

The property was originally built for Terry Morris’ own business interests, however V8 Supercars enquired about its availability when it neared completion in 2008. V8 Supercars occupied the property until early this year, at which time the company chose to relocate part of the business to Sydney.

The property is an iconic building with finishes that complement the surrounding environment on the banks of the Nerang River. Copper façade features and a natural colour scheme dominate the exterior, with state of the art internal finishes and fit-out.

Mr Selbie said; “We were seeking a full building user for the 1,200sqm property, however a recent commitment was made to split the building for multiple users. The landlord made the quick decision in consideration and judgment of the current market.

“Upon this decision, we went back through previous enquiry and spoke to Lantrak about the new offering and had an agreement in place within a couple of weeks. We are now fielding good enquiry from a range of business types and can accommodate small to medium size business which is perfect for the location.”

Mr Stenham said; “As a leader in its industry and experiencing consistently strong growth, Lantrak had been actively seeking a new corporate premises in QLD for some time. Having been aware of the V8 Supercars building for some time, when the opportunity to lease such a well-known building became available, it was the obvious choice. Lantrak look forward to establishing their Queensland branch in Nerang and eagerly anticipate moving into their new office.”

With the majority of the ground floor now committed, there are two remaining floors of standalone space from 250-430sqm and a small ground floor tenancy of approximately 65sqm available at the property.

​​​​​​​

For Australian/international news or global stories, follow us on Twitter.

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 at www.cbre.com.au.

Media Contacts

Kathryn House Headshot
Kathryn House
Communications Director
Pacific
+61 2 9333 3585
  • Corporate Information
  • Corporate Responsibility
  • Media Centre
  • About CBRE
  • Careers
  • Case Studies
  • People & Offices
  • Executive Committee
  • Investor Relations
  • Contact Us
  • Australia Privacy Policy
  • Privacy Policy
  • Whistleblower Policy
  • Sitemap
  • Terms of Use
  • LinkedIn
  • Twitter
  • Facebook
  • Instagram
  • Youtube