Press Release
Commercial cleaning company buys rare $8.25m Wetherill Park site
Sydney
September 12, 2022
Media Contact
Communications Director, Pacific
The firm will develop a new facility at 449A Victoria Street, a 5,235sqm property with IN1 zoning.
The site does not currently feature any improvements, and is occupied by energy infrastructure company Jemena on a lease running to November 2023.
The property offers easy access to major arterials such as the M7, M4 and Smithfield Road.
CBRE’s Janet Joljian and Elijah Shakir brokered the transaction on behalf of Wetherill Park APX Properties Pty Ltd.
“Fully-serviced parcels of land such as this have become incredibly rare in Wetherill Park,” Ms Joljian said.
“The sale price reflects a strong rate of more than $1,700/sqm on the useable land, highlighting that industrial demand remains at a strong level.”
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 2024 revenue). The company has more than 140,000 employees (including 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 www.cbre.com.