Walkinshaw Automotive Group is preparing to relocate its headquarters to alternate premises in Clayton South to accommodate its ongoing business expansion.
Continued business growth has underpinned Walkinshaw’s decision to relocate to a prominent Propertylink industrial facility at 71-93 Whiteside Road and 84 Main Road.
CBRE’s Stephen Adgemis and David Aiello negotiated the 15-year, 28,195sqm lease agreement, which commences 1 September 2017.
Walkinshaw Corporate Development Director Lisa Dwyer said: “We have been looking for six months for a new home, working with CBRE to explore all the options to identify the right facility to suit our specific needs and growth plans.”
Walkinshaw will relocate from nearby Clayton Business Park headquarters, which the group has occupied for the past 19 years.
“An occupier of this size would typically need to pre-commit to a new facility, however in this instance Walkinshaw was able to secure existing premises with the infrastructure they required just a stone’s throw from their existing headquarters,” CBRE’s Mr Adgemis said.
“From a manufacturing point of view it’s a great story for Melbourne. The Walkinshaw business is growing, not contracting unlike many others, and this move will push them into the next chapter of their long history in Australia.”
The group’s heritage traces back over 40 years, with Walkinshaw’s services encompassing design, engineering, distribution, race programs, production and certification/compliance.
In an ASX announcement, Stuart Dawes, CEO of Propertylink said: "Propertylink is delighted to enter into a long term partnership with Walkinshaw Automotive Group. Walkinshaw is an iconic presence in Australian motorsport and is a global leader in the design, engineering, development and marketing of performance vehicles. Propertylink Group looks forward to a strong and mutually beneficial relationship with Walkinshaw for many years to come.”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 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 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.
