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  • No holes in Donut Boyz expansion strategy with new Brisbane lease

No holes in Donut Boyz expansion strategy with new Brisbane lease

19 November 2015
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​Brisbane, 19 November 2015 – The fast expanding Donut Boyz franchise has staked its claim on an industrial warehouse and kitchen facility at Bowen Hills to support its growing operations.

Donut Boyz was established earlier this year as a pop-up store at Maroochydore’s Big Top Market.

On its opening day, founders Scott Hoskins and Tony Kelly sold 700 of their artisan donuts in 50 minutes, leading to plans for a network of stores.

In recent months, multiple locations have opened at Mooloolaba, South Brisbane, Paddington, Loganholme and the Gold Coast, selling a wide range of handcrafted donuts.

With further expansion planned, Donut Boyz Aust Pty Ltd has secured a 500sqm warehouse and baking facility at Unit 4 /166 Abbottsford Road.

Plans are also in train to open a café at the property, which was formerly used to produce pizza bases.

CBRE’s Hugh Adnam introduced the deal on behalf of landlord Nicholas Properties Pty Ltd.

Mr Adnam said the property was ideal for Donut Boyz needs given the existing fitout, which includes a food-grade floor, 40sqm chiller room and 40sqm freezer room.

The property also features a grease trap, exhaust canopy with filters and connection to natural gas.

“It’s quite rare to secure a facility with this style of fitout in such a central location,” Mr Adnam said.

“Much of the industrial warehouse space in Bowen Hills is being converted for residential use, so this was a one-off opportunity, which perfectly suited Donut Boyz needs.”

The facility is situated 3 km northeast of the CBD and 10 km from the Gateway Motor Way, providing ready access to Brisbane’s northern and southern suburbs.

Donut Boyz has taken a five-year lease over the site at a net rental of $220 per square metre.

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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 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.​

 

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