Sydney

AUSPODS lease provides value uplift for Propertylink

Moving and self-storage company, AUSPODS, has leased a modern warehousing and distribution facility in Sydney’s Wetherill Park.

20 Jun 2018

Moving and self-storage company, AUSPODS, has leased a modern warehousing and distribution facility in Sydney’s Wetherill Park. 

The property at 495 Victoria Road was split into two tenancies – 5,946 sqm and 7,980sqm - in 2018, with CBRE’s Elijah Shakir and Jason Edge exclusively appointed by the owner Propertylink to secure tenants on its behalf. 

Mr Shakir negotiated the lease of Unit B to AUSPODS on a five-year term for $857,850 per annum net. Unit A was also recently leased by CBRE to Yamaha Motors on a five-year lease term.

“The deals negotiated with AUSPODS and Yamaha are a great result for Propertylink, who purchased the facility with vacant possession in 2017. We have secured two national tenants with co-terminus leases and have achieved an up-lift in rental – ultimately repositioning the asset as a fully-leased facility with an attractive five-year WALE,” Mr Shakir said. 

Mr Shakir noted AUSPODS interest in the tenancy was driven by its proximity to the M7 and access to key infrastructure and metropolitan Sydney. 
 
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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 2017 revenue). The company has more than 80,000 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.

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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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 https://www.cbre.com.