Adelaide, 15 November 2013- An owner occupier has purchased a prime development site in the Adelaide suburb of Wingfield.
Berger Properties Pty Ltd paid $875,000 (excluding GST) for 4 Berger Road, a 4,250sqm site located metres from newly completed Gallipoli Drive.
David Ludlow from CBRE sold the property on behalf of the owner, Chemovations Pty Ltd.
“The new owners plan to construct an office warehouse on the site for light manufacturing activity,” said Mr Ludlow.
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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 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 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 atwww.cbre.com.au.