Truganina continues to cement its presence as a sought after industrial hub, with a leading national transport and logistics provider the latest company to secure a presence in the area.
Global Freight Pty Ltd has signed a six-year lease on a 12,000sqm facility at 34-36 Banfield Court – adding to a rapidly expanding list of renowned operators in the area, Kmart, Woolworths, Target, Reject Shop, Rand and Spotlight.
CBRE’s Todd Grima negotiated the lease of the purpose built facility on behalf of developer Pelligra Group for an annual net rental of $881,925.
Mr Grima said the property’s internal warehouse clearance and location underpinned the deal.
“On the back of rapid national growth, Global Freight was drawn to this facility for its great location in close proximity to the Princess Freeway and Western Ring Road, which provide easy access to the Port of Melbourne,” Mr Grima explained.
“Furthermore it offered huge cubic capacity, which suited the business needs of Global Freight.”
Global Freight Pty Ltd has signed a six-year lease on a 12,000sqm facility at 34-36 Banfield Court – adding to a rapidly expanding list of renowned operators in the area, Kmart, Woolworths, Target, Reject Shop, Rand and Spotlight.
CBRE’s Todd Grima negotiated the lease of the purpose built facility on behalf of developer Pelligra Group for an annual net rental of $881,925.
Mr Grima said the property’s internal warehouse clearance and location underpinned the deal.
“On the back of rapid national growth, Global Freight was drawn to this facility for its great location in close proximity to the Princess Freeway and Western Ring Road, which provide easy access to the Port of Melbourne,” Mr Grima explained.
“Furthermore it offered huge cubic capacity, which suited the business needs of Global Freight.”
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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 2015 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.
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 2015 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.
