The Australian arm of sealant, construction foam and adhesive manufacturer Soudal has found a new home in Sydney’s west. CBRE’s John Micallef, Moshe Greengarten and Cam Grier secured the tenancy on behalf of Centuria Capital.

Soudal has moved into 75 Owen Street, Glendenning, on a five-year lease for an annual net rent of $135/sqm.

The European brand relocates from Seven Hills to the 5,670sqm site to accommodate its growth in the Australian market.

The Centuria Capital-owned property features a 4,670sqm freestanding building with warehouse and office space, an expansive and secure yard, and easy access to the M7.

CBRE’s John Micallef, Moshe Greengarten and Cam Grier secured the tenancy on behalf of Centuria Capital.

John Micallef told WILLIAMS MEDIA, “Soudal chose this property due to its corporate appeal, large yard and proximity to its key staff and customers,”

“With the former tenant vacating at the end of March there was zero vacancy, highlighting the significant demand for well-located buildings in western Sydney.”

“It was a pleasure to deal with the teams at Centuria and Soudal on this transaction”

“The market is certainly heating up. It is becoming the norm for incoming tenants to move in the day after the exiting tenant hands back the keys. Physical vacancy is becoming a thing of the past.” Mr Micallef said.

To request a detailed analysis of the deal please email either of the agents via the contact form below.