Melbourne, 27 July 2015 – A subsidiary of the world’s largest manufacturer of residential swimming pool equipment, Hayward Industries Inc., Hayward Pool Products (Australia) Pty Ltd has partnered with Elite Property Group to deliver a new state of the art Australian headquarters at the esteemed Logis Estate in Dandenong South.
The 3,800sqm building, located at 2 Cubitt Avenue, is on a corner site with features including 500sqm of office space, 3,300sqm of high clearance warehouse space and recessed loading dock facilities.
James Jorgensen of CBRE negotiated the agreement on behalf of Elite and the Bayport Group who are developing land in joint venture within the estate. The tenant committed to a seven year, four month term, on an initial net rental believed to be $90-$95/sqm.
Mr Jorgensen said the Logis Estate in recent years had become the most sought after location in Melbourne’s South East industrial market. Hayward join an impressive list of occupiers, including Shell, Mercury Marine, Ascent Pharmaceuticals, Sistema, Biscay Greetings and Iron Man 4X4 to choose an Elite building within the Logis Esate.
“The site offered a range of features suited to the tenants needs including immediate access to Eastlink via dual diamond interchanges at Greens Rd & the Dandenong Bypass and a high quality corporate environment befitting of their brand.”
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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.