North Sydney, 23 May 2016 – Tip Top Equipment is the latest new tenant for Propertylink’s northern Sydney industrial estate at Mount Kuring-gai.
The vehicle accessories company has leased 681sqm unit in the estate, which is located at 7-15 Gundah Road.
CBRE’s Peter Mangraviti and Cameron Shepherd negotiated the three-year lease, which was struck at a net rental of $125 per sqm.
“The tenant was attracted to the estate due to its modern presentation and high clearance warehouse with excellent truck access,” Mr Mangravati said.
It is the latest deal in the estate following the recent signing of Australia Post to a 1,435sqm office/warehouse.
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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.