Brisbane, 10 April
2015 – One
of Australia’s largest formwork and scaffolding companies, Acrow Formwork &
Scaffolding Pty Ltd has leased a 3,765sqm building in Geebung to consolidate
its existing operations.
at 280 Bilsen Road, the office/warehouse property features substantial parking
and benefits from a prime location within an established industrial precinct.
Higgins and Nick Witheriff from CBRE negotiated the ten-year lease with an
additional option term of five years.
Higgins said the site provided a unique opportunity for Acrow to consolidate
its three existing south-east Queensland tenancies into one facility, reducing
opportunity to consolidate into one facility was particularly attractive for
Acrow as was the site’s prime location.”
site cover properties within a 20km radius of the Brisbane CBD are difficult to
source and this site provided an opportunity for Acrow to consolidate
operations in a desirable industrial region,” Mr Higgins said.
levels of tenant interest, along with lack of quality industrial availability
is reflecting a rise in rental rates for property owners," Mr Witheriff
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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.