Brisbane

Brendale manufacturing facility changes hands for over $8m

Australian Unity has purchased SWC Management’s newly constructed manufacturing industrial facility in Brisbane’s Brendale for $8,114,250.

28 Jun 2019

Australian Unity has purchased SWC Management’s newly constructed manufacturing industrial facility in Brisbane’s Brendale for $8,114,250. 

The property comprises a 7,099sqm premises with a gross floor area of 3,800sqm and an
adjoining 4,070sqm of land earmarked for future development.

CBRE’s Hugh Adnam, Dillon Murphy and Edward Bull negotiated the sale of 133 South Pine Road, with a 10-year leaseback to SWC, following an Expressions of Interest campaign. 

Mr Murphy said the Expressions of Interest campaign closed after multiple offers to purchase, securing an initial yield of 6.6% on the occupied premises. A pre-commitment tenant is being sought for the adjoining vacant land.

“Australian Unity were looking for a long WALE asset to complement the other properties contained within its property income fund,” Mr Murphy added. 

“The site also has vacant land with plenty of scope for additional development.”

SWC originally engaged CBRE to run a market leasing brief in 2018, in search of a new manufacturing facility on the northside of Brisbane.

Following this process, the sub-contracting services provider decided upon the design and construct facility on South Pine Road – securing a pre-commitment with developer Vanriet. 

This was the last allotment of land in the estate, closing out the project for Vanriet.


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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 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.

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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.