Fortescue Metals Group has taken on an additional warehouse and office space in Belmont in Perth’s east.
The Western Australia-based iron ore industry leader has signed a five-year lease on a 1,670sqm facility at 9 Longfellow Court, just off Abernethy Road.
The property is centrally located between Perth’s CBD and airport, and the Kewdale and Welshpool industrial areas to the south east, offering easy access to the Great Eastern, Leach and Tonkin Highways.
The high-truss warehouse features clearance of up to 9.5m, while the well-presented office space is spread across two levels.
CBRE’s Chris Monterosso and Tom Iredell managed the transaction on behalf of the private vendor.
“This new commitment shows the resilience of the WA resources sector in the current climate, with approximately $27 billion worth of projects committed to or currently under construction,” Mr Monterosso said.
“This increase in activity is expected to have a positive flow-on effect to Perth’s core industrial markets.”
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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 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 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.
