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  • Ackland Printing invests in Artarmon

Ackland Printing invests in Artarmon

24 March 2015
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Sydney, 25 March 2015 – Private investment fund, Ackland Printing Pty Ltd has recently acquired an industrial property in Artarmon for $1,800,000.

Located at 9/​78 Reserve Road, the well-presented industrial strata unit comprises 442sqm and features modern accommodations built circa 2003, high clearance storage, internal lift, 24 hour / 7 day operation approval and on-site parking.

The site is currently occupied by commercial bakery Pan Italia on a recently signed 10-year lease.

Anthony Bray and Peter Mangraviti negotiated the sale on behalf of a private syndicate vendor, reflecting a yield of 8.26%.

Mr Mangraviti said Ackland Printing purchased the property after actively searching for an investment site in the area.

“The purchaser was drawn to the property due to the newly executed long term lease and the prime lower north shore location,” Mr Mangraviti said. 

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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 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 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.​

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