Sydney

Handstand lease fills last vacancy at former Red Lea Chickens site

A Blacktown hardstand site in Sydney’s west has been leased to HS Operations Pty Ltd, filling the final vacancy at the former Red Lea Chickens site.

02 Mar 2020

A Blacktown hardstand site in Sydney’s west has been leased to HS Operations Pty Ltd, filling the final vacancy at the former Red Lea Chickens site.

CBRE’s Matthew Alessi, Brendan Wein and Janet Joljian negotiated the lease over the 5,806sqm proeprty known as Part B, 426 Flushcombe Road.

The lease, for two years with a one-year option, was struck at an initial rental of $26/sqm gross + GST.

The fully serviced and secured site is suitable for storage, subject to council approval, and offers excellent access to the Great Western Highway and the M7 & M2 Motorways.

“The tenant was attracted to this site due to the lack of genuine hardstand space close to the motorways, and the immediate availability to start storing on site once a lease was signed,” Mr Alessi said.

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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.