A New Zealand agricultural machinery distributor, Farmgard, has secured a foothold in Australia after signing a three-year lease over an office warehouse in Truganina, Victoria.
CBRE’s Tom Murphy and Ricardo Cappelletti negotiated the lease over the 2,418sqm facility, located at 15 Paraweena Drive in the Mangana industrial estate. Farmgard has committed to an annual rent of $170,500 net excluding GST and outgoings.
The brand new property comprises 150sqm of air-conditioned office space, a clear span warehouse, 22 onsite car parks and a 415sqm rear yard. The clearspan warehouse is located in an industrial 1 zoning and has a 10m internal spring height.
“Farmgard is well established in the New Zealand market and this will allow them to establish a foothold and base in Australia,” Mr Murphy said.
“Melbourne’s west was chosen due to the locational benefits for national distribution.”
CBRE’s Tom Murphy and Ricardo Cappelletti negotiated the lease over the 2,418sqm facility, located at 15 Paraweena Drive in the Mangana industrial estate. Farmgard has committed to an annual rent of $170,500 net excluding GST and outgoings.
The brand new property comprises 150sqm of air-conditioned office space, a clear span warehouse, 22 onsite car parks and a 415sqm rear yard. The clearspan warehouse is located in an industrial 1 zoning and has a 10m internal spring height.
“Farmgard is well established in the New Zealand market and this will allow them to establish a foothold and base in Australia,” Mr Murphy said.
“Melbourne’s west was chosen due to the locational benefits for national distribution.”
For Australian/international news or global stories, follow us on Twitter: @cbreaustralia
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.