logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
Australia
  • Global
  • United States
  • Albania
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Bosnia & Herzegovina
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Croatia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Montenegro
  • Morocco
  • Netherlands
  • New Zealand
  • North Macedonia
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Saudi Arabia
  • Serbia
  • Singapore
  • Slovakia
  • Slovenia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Lines
      • Advisory & Transaction Services
      • Capital Markets
      • Global Workplace Solutions
      • Investment Management (CBRE Investment Management)
      • Property Management
      • Valuation & Advisory Services
    • Industries & Specialties
      • Agribusiness
      • Build-to-Rent
      • Building, Depreciation & Cost Consultancy
      • Government Real Estate Advisory & Transactions
      • Hotels
      • Industrial & Logistics
      • Office
      • Residential
      • Retail
      • Retirement & Healthcare
      • Sustainability
      • Flexible Workspace
    • Services for Investors
      • Debt and Structured Finance
      • Host
      • Institutional Investments
      • International Investments
      • Investment Accounting & Reporting Solutions
      • Structured Transactions & Advisory
      • Leasing & Advisory
      • Metropolitan Investments
      • Property Management
      • Property Sales
      • Recovery & Restructuring
      • Valuation & Advisory
    • Services for Occupiers
      • Facilities Management
      • Leasing & Advisory
      • Occupier Consulting
      • Portfolio Services
      • Project Management
      • Sale and Leaseback
      • Structured Transactions & Advisory
      • Transaction Management
      • Valuation & Advisory
      • Workplace
  • Properties
    • Agribusiness
      Hotels
      Industrial & Logistics
      Institutional Investments
      Metropolitan Investments
      Office
      Residential
      Retail
  • Research & Insight
    • Australia Research
      Asia Pacific Research
      Global Research
      Expert Opinions
      Talking Property Podcast
  • People & Offices
    • Pacific Executive Committee
  • About CBRE
    • [email protected] - LGBTQI+ Inclusion
      Careers
      Case Studies
      Client Tools
      Corporate Information
      Environmental, Social and Governance
      Investor Relations
      Media Centre
      Reconciliation
      The Place Makers

Previous

Press Release
Convenience the key to Southport retail offering

Next

Press Release
Centuria Capital Group continue acquisitions within South Australia
  • Home
  • About CBRE
  • Media Centre
  • Brompton site to hit the market after 50 years in the family

Brompton site to hit the market after 50 years in the family

Adelaide | 10 September 2019
  • Email
  • Share
  • Tweet
  • Share
International paper and board-based packaging manufacturer Detmold Group has announced that it will relocate its head office to Regency Park. 

As part of Detmold Group’s future expansion strategy, the company has moved to divest its Brompton headquarters, presenting an exciting development opportunity to Adelaide’s city fringe market.

CBRE’s Harry Einarson, Jordan Kies and Alistair Laycock have been appointed to manage the sale of the 45 Chief Street complex, which has been held under the same family ownership for almost 50 years.  

Sascha Detmold Cox, Detmold Group’s Executive General Manager, Sales said; “We are extremely proud of our 70-year history as a private family-owned business. This exciting move will position us for future growth and create new opportunities for South Australians.” 

The site, which has a net passing income of $1,650,000 per annum, is offered for sale with a two-year lease back (with one-year option) to Detmold Group to accommodate the construction of and relocation to a new purpose-built facility in nearby Regency Park.

Alfonzo Ianniello, Chief Executive Officer, Detmold Packaging added; “This is a significant project for the Detmold Group and demonstrates a commitment to maintaining a manufacturing presence in South Australia.  The move to Regency Park will consolidate our head office, manufacturing facility and distribution centre to one location,” Mr Ianniello said. 

Comprising multiple office and warehouse buildings totaling a GLA of 24,026sqm on a landholding of 37,634sqm, the site’s ‘Urban Core’ zoning allows for future uses including medium to high density residential, licensed premises, office and healthcare.

CBRE’s Mr Einarson noted the short-term leaseback offers a valuable holding income during any planning and approval stages, providing a major draw for buyers. 

“With functional existing improvements, the property presents the opportunity to develop a high-quality residential offering with effective staging to maintain cash flow throughout the development,” Mr Einarson said.

“This is the ultimate repositioning and mixed-use staged development opportunity, ready for the astute developer/investor.”

The property’s location offers excellent transport amenity to the Adelaide CBD including the free tram service and upgrades to Bowden Train Station.

CBRE’s Mr Kies commented; “There is a shortage of large industrial facilities on the City fringe; and as many industrial occupiers require quick connectivity to the masses, this property will certainly appeal to the industrial owner-occupier and or tenant market, including last-mile logistics usages.”
For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

Vestibulum Augue

Billie-Boorer-326x248
Billie Boorer
Senior Communications Coordinator
Australia
+61 2 9333 3559
+61 478 784 355
  • Corporate Information
  • Corporate Responsibility
  • Media Centre
  • About CBRE
  • Careers
  • Case Studies
  • People & Offices
  • Executive Committee
  • Investor Relations
  • Contact Us
  • Australia Privacy Policy
  • Global Web Privacy and Cookie Notice
  • Whistleblower Policy
  • Sitemap
  • Terms of Use
  • LinkedIn
  • Twitter
  • Facebook
  • Instagram
  • Youtube