ATS Building Supplies is relocating to a 12,501sqm facility in the newly developed Moorebank Logistics Park.
The premium timber provider has agreed to a five-year lease for 4B, 400 Moorebank Avenue at an initial net rent of $125 per square metre +GST.
Owned by Qube Holdings, Australia’s largest provider of import/export logistics services, the facility makes up one of two tenancies in a 23,300sqm property.
CBRE’s Adam Tresidder and Tom Rourke negotiated the deal, which reflects the industrial sector’s resilience at this time.
“Due to ATS’s high volume of container movements to and from Port Botany, the move to this location will create supply chain efficiencies for the business,” Mr Tresidder said.
“The in-bound and out-bound doors that provide better efficiencies when receiving and distributing stock, were also a drawcard.”
Qube Holding’s Lorenzo Lun added; “During these times of uncertainty, it is encouraging to see that occupiers are still looking to expand their business and take advantage of what will be the country’s largest intermodal facility.”
The premium timber provider has agreed to a five-year lease for 4B, 400 Moorebank Avenue at an initial net rent of $125 per square metre +GST.
Owned by Qube Holdings, Australia’s largest provider of import/export logistics services, the facility makes up one of two tenancies in a 23,300sqm property.
CBRE’s Adam Tresidder and Tom Rourke negotiated the deal, which reflects the industrial sector’s resilience at this time.
“Due to ATS’s high volume of container movements to and from Port Botany, the move to this location will create supply chain efficiencies for the business,” Mr Tresidder said.
“The in-bound and out-bound doors that provide better efficiencies when receiving and distributing stock, were also a drawcard.”
Qube Holding’s Lorenzo Lun added; “During these times of uncertainty, it is encouraging to see that occupiers are still looking to expand their business and take advantage of what will be the country’s largest intermodal facility.”
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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.
