Adelaide, 31 March 2014 – Engineering and infrastructure management services company Downer EDI Limited has leased a quality office property in the Adelaide suburb of Underdale.
Located at 115 Sherriff Street in the Fauldings headquarters building, the B-grade property comprises 711sqm.
CBRE’s Michael Pfitzner negotiated the deal on behalf of lessor Symbion. Downer EDI has committed to a 2 ½ year term, with an initial rental of $250 gross per square metre annually.
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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 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 350 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.