Colliers’ Sean Thomson and Trent Gallagher negotiated the purchase of an $11.7 million warehouse with a strategic 5.75-year WALE in Sydney’s Greenacre for a private investor.
Merrifield DC leased to RMA Automotive
CBRE says RMA Automotive, a major global supplier of vehicles, accessories and parts has committed to a lease for the 21,385 sqm DC at MAB Corporation’s and Gibson Property Corporation’s Merrifield Business Park.
JLL appoints Dan Kernaghan as CEO
JLL says it has appointed Dan Kernaghan to lead the firm’s Australian and New Zealand business as Chief Executive Officer, taking over from Stephen Conry who retired in January.
Botany site sells for $25.25m
Colliers says its Industrial Director, Tom Barnier and Industrial Executive, Jeremy Green have sold a 7435 sqms Botany site to Coombes Property Group at a land rate of $3400 per sqms.
Prestons logistics facility sells: JLL
JLL says Roger Miller, Capital Markets Industrial & Logistics (NSW) Senior Director and Tony Iuliano, Head of Capital Markets Industrial & Logistics Australia brokered an exclusive deal for Prestons property.
Pickles announces new partnership
Pickles has announced its Corporate Charity Partnership with Healthy Heads Trucks & Sheds Foundation (HHTS), an industry umbrella body created to improve mental health and wellbeing across the road transport, warehousing, and logistics sector in Australia.
Hume Highway site selling: CBRE
CBRE says a high-exposure, 17,280 sqms landholding on the Hume Highway, close to Warwick Farm Racecourse, Cabramatta, and Liverpool in Sydney’s rapidly evolving south-west has been listed for sale.
Melbourne industrial occupiers face affordability issues
According to CBRE, Melbourne’s record-low industrial vacancy rate is expected to remain sub-two per cent over the next two years while land values will continue to climb.
FedEx wins two awards
FedEx says its subsidiary FedEx Express has won the Best Clinical Trial Logistics Provider and Best Last Mile Implementation awards at the annual IMAPAC Asia Pacific Bioprocessing Excellence Awards 2022.
Australia ranks second in world for investment: CBRE
According to CBRE, Australia is now ranked second in the world for Asian outbound commercial real estate investment.