Suncorp has secured a 3,508sqm office/warehouse in Artarmon on Sydney’s lower north shore.
The company has agreed to a 10-year lease for 22 Lambs Road at an initial gross rent of $270 per square metre.
Owned by a private investor, the recently refurbished premises offers 38 car park spaces and access via two high-clearance roller doors.
CBRE’s Geoff Hunt, Peter Mangraviti and Ben Byford managed the campaign.
“The facility’s quality features were a key attraction for Suncorp, reflecting the high-quality corporate profile that they were seeking for their long-term tenure,” Mr Hunt said.
“The transaction was finalised off market with no vacancy period.”
The company has agreed to a 10-year lease for 22 Lambs Road at an initial gross rent of $270 per square metre.
Owned by a private investor, the recently refurbished premises offers 38 car park spaces and access via two high-clearance roller doors.
CBRE’s Geoff Hunt, Peter Mangraviti and Ben Byford managed the campaign.
“The facility’s quality features were a key attraction for Suncorp, reflecting the high-quality corporate profile that they were seeking for their long-term tenure,” Mr Hunt said.
“The transaction was finalised off market with no vacancy period.”
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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.
