Sydney

Wetherill Park lease allows Freight Assist to more than double the size of its NSW headquarters

Freight Assist Australia will relocate its NSW headquarters to Wetherill Park after leasing a 5,100sqm warehouse facility.

28 Oct 2019

Freight Assist Australia will relocate its NSW headquarters to Wetherill Park after leasing a 5,100sqm warehouse facility.

CBRE’s Elijah Shakir, Adam Tresidder and John Tsoutsa negotiated the 488-490 Victoria Street lease on behalf of owner GMS Properties (Aust) Pty Ltd.

The five-year lease deal was struck at an initial rental of $112.50/sqm net and includes a further two-year option period.

Mr Shakir said the warehouse provided a large, all-weather awning, internal clearances of up to nine metres and access via four on grade roller doors and six recessed docks.

“CBRE worked with Freight Assist Australia to lease the company’s first, 1,600sqm warehouse in Prestons two and half years ago,” Mr Shakir said.

“In the ensuing period, the company has grown significantly – hence the need to relocate to a facility which is more than double the size. The major selling points were the property’s large all-weather awning, multiple docks and rollers doors and good B-double access, which will help facilitate Freight Assist’s continued growth.” For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

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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.