Sydney

United Steel leases Riverstone's largest factory

National steel distributor United Steel has signed a four-year lease on the largest factory in the north western Sydney suburb of Riverstone.

08 Oct 2019

National steel distributor United Steel has signed a four-year lease on the largest factory in the north western Sydney suburb of Riverstone.

CBRE’s John Tsoutsa, John Micallef, Brendan Wein, Cam Grier and Moshe Greengarten negotiated the lease on behalf of Equipsons Pty Ltd at a rental rate of $884,021 per annum +GST.

Mr Micallef said two tenants competed for the 12,451sqm building, both of which were sourced through CBRE’s extensive database and network.

“The end result ensured minimal vacancy for the landlord and delivered a four-year lease with no incentive,” Mr Micallef said.

“This transaction is a great example of a collaborative transaction between CBRE’s North West and Metro West teams.”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.