HILTI Australia is set to relocate to a 1,780sqm office/warehouse in Seven Hills.
The construction equipment supplier has agreed to a five-year-lease for Unit 5/163 Prospect Highway, at a net rate of $112.50 per square metre +GST, with an additional five-year option.
The property offers approximately 1,467sqm of warehouse space and 313sqm of open plan mezzanine office space.
It includes internal clearance of up to 7.5 metres via two container-height roller doors, three-phase power and 24 allocated on-site car parking spaces.
CBRE’s Brendan Wein and Matthew Alessi negotiated the deal in conjunction with Robert Alley of Bawdens.
Mr Wein noted it was the property’s size and location that attracted the tenant.
“A major selling point was the property’s size and service offering, giving the tenant the ability to bring together multiple arms of the business under one roof,” Mr Wein said.
“The Seven Hills location is well connected in Sydney’s north west, near the M2 and M4 motorways.”
The construction equipment supplier has agreed to a five-year-lease for Unit 5/163 Prospect Highway, at a net rate of $112.50 per square metre +GST, with an additional five-year option.
The property offers approximately 1,467sqm of warehouse space and 313sqm of open plan mezzanine office space.
It includes internal clearance of up to 7.5 metres via two container-height roller doors, three-phase power and 24 allocated on-site car parking spaces.
CBRE’s Brendan Wein and Matthew Alessi negotiated the deal in conjunction with Robert Alley of Bawdens.
Mr Wein noted it was the property’s size and location that attracted the tenant.
“A major selling point was the property’s size and service offering, giving the tenant the ability to bring together multiple arms of the business under one roof,” Mr Wein said.
“The Seven Hills location is well connected in Sydney’s north west, near the M2 and M4 motorways.”
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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.
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.
