Sydney

Seven Hills lease signals market strength in Western Sydney

Half Price Shutters Blinds Awnings Pty Ltd has committed to a new warehouse lease at Seven Hills in Sydney’s west.

10 Jul 2018

Half Price Shutters Blinds Awnings Pty Ltd has committed to a new warehouse lease at Seven Hills in Sydney’s west.

CBRE’s Matthew Alessi and John Micallef negotiated the 2,942sqm lease on behalf of landlord Insultech Group Pty Ltd

The 49 Powers Road property includes an older-style warehouse and office with a surfaced rear yard.

The tenant has signed a five-year lease at a starting rental of $135,000pa net + GST 

“Half Price Shutters needed a smaller site with high exposure in the Seven Hills market,” Mr Alessi said.

“The age of the property and the deal struck with the tenant indicates the continued strength in the Western Sydney leasing market.” 
 
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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 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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.