Melbourne

New industrial lease on the wire for cable manufacturer

Engineered cable systems manufacturer TriCab has leased an industrial premises in the western Melbourne suburb of Derrimut.

25 Sep 2019

Engineered cable systems manufacturer TriCab has leased an industrial premises in the western Melbourne suburb of Derrimut.

140 Swann Drive, Derrimut offers low site coverage, comprising a 3,455sqm building situated on a one-hectare land parcel with full drive around access, large loading canopies and concrete hardstand.

CBRE’s Tom Murphy and Ricardo Cappelletti negotiated the five-year lease at an annual rate of $325,000 (+ GST and outgoings).

“On learning the previous tenant intended to vacate, we sprang into action to help the owners to secure a replacement, and whilst the owners were sad to lose a long term tenant, they were thrilled with a new five year lease and zero vacancy period, ” Mr Murphy noted.

Mr Cappelletti commented; “Given the excellent truck access and large concrete hardstand, we were confident this property would be highly sort after.” 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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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.