Sydney

Gibson Austwide secures new premises in Prestons

Gibson Austwide Pty Ltd has leased a 2,256sqm warehouse at Prestons in Sydney’s south west.

28 Oct 2019

Gibson Austwide Pty Ltd has leased a 2,256sqm warehouse at Prestons in Sydney’s south west.

CBRE’s Keegan Ridings and Adam Tresidder negotiated the three-year lease over the 8 Ash Road property at a net rental of $115.22/sqm.

The property offers a large awning and hardstand and benefits from five roller doors, dual street access/driveways and drive around capabilities. It is suitable for B-Double truck access and is situated close to the M7 and M5 motorways.

“CBRE was able to secure Gibson Austwide prior to the property coming to the market for lease, ensuring that the private landlord had no rental down time,” Mr Ridings said.For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

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.

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Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

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.