Logistics solutions specialist Kalexpress has capitalised on favourable conditions to lease a new facility in the industrial hub of Welshpool.
Kalexpress has signed a five-year lease on Lot 4 of 123-129 McDowell Street – comprising a 3,297sqm warehouse facility on a 12,000sqm site. The annual rental is $275,000 net per annum.
The property is one of five lots making up the 27,800sqm industrial site, of which two circa 8,000sqm lots are still available to lease.
CBRE’s Ben Clarke, who negotiated the lease on behalf of a private investor, said the deal highlighted the attractive conditions on offer in the current market.
“Kalexpress has taken advantage of the attractive rates currently on offer to secure a larger site that will support and facilitate its future expansion,” Mr Clarke said.
Kalexpress provides logistics solutions to Western Australian companies, servicing the Goldfields, Great Southern and South West regions out of its current base in Welshpool.
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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 (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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: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 (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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.
