Sydney, 27 May 2016 - CBRE’s Xavier Rahme and Tim Grosmann have sold an industrial facility at 708 Drome Street in East Albury on behalf of the vendor, Kimberly-Clark Australia Pty Ltd.
Bunnings Properties Pty Ltd purchased the 4.5 hectare site adjacent to Albury Airport, which features warehouse and office space totaling approximately 7,379sqm.
The property was sold with vacant possession.
Over recent years there has been substantial growth in the warehousing sector given Albury’s strategic location as a regional hub. The region services a substantial area of southern New South Wales and northern Victoria as well as its high quality transport infrastructure.
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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 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 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.
