Savills expand Logistics offering with new Supply Chain Hire
Savills Australia has expanded its Occupier Services offering with the appointment of Chris Stevenson as Associate Director Supply Chain Savills based in Sydney. Michael Fenton National Head Industrial and Logistics Savills Australia told The INDUSTRIALIST “Chris bolsters our expertise in supply...
Record infrastructure investment in Sydney to benefit industrial precincts says JLL
The NSW Government has committed to a number of new transport infrastructure projects within Greater Sydney, which will benefit the already booming industrial occupier market. JLL Head of Industrial Western Sydney Peter Blade said, “The State Government’s continued commitment tofurther fund...
Demand for B-Grade Industrial stock drives prices in Western Sydney says Coutts
David Ferreri Director at Coutts Wetherill Park told, The INDUSTRIALIST,” Western Sydney industrial vacancy has continued to fall. We have observed the rise of online sales and the confidence by some retailers to increase imports which has led to short term increased stockpiling driving the...
Penrith Industrial sold at Auction $4.7m by PRD and CBRE
An investor has swooped on a newly-renovated and tenanted Penrith industrial sold for $4.7 million at auction. CBRE Brendan Wein, Matthew Alessi and John Micallef managed the sale campaign on behalf of Rise Projects, in conjunction with Jay Morosi and Robert Tappouras of PRD Commercial.
Concrete supplier XL Group lease Smithfield site by CBRE
Growing concrete specialist XL Group will add a base in Smithfield to its Yennora headquarters in Sydney’s west. CBRE Janet Joljian and Elijah Shakir secured the tenancy on behalf of the vendor, Snowside Pty Ltd.
Penrith City Council buys 16 ha of industrial land in Emu Plains to boost local economy
Penrith City Council today announces the purchase of 16.29 hectares of industrial land at 158-164 Old Bathurst Road, Emu Plains, to enhance local employment opportunities and stimulate the local economy.
Australian Industrial and logistics vacancy rates hit historic lows CBRE
The industrial vacancy rate across Australia’s major cities has fallen to a historic low of 2.24%, following occupier take up of space equating to the size of inner-city suburbs such as Glebe in Sydney or Carlton in Melbourne. CBRE Industrial Vacancy Report tracks net absorption across Australia...
Western Sydney land market experiencing unprecedented levels of demand - Colliers
Colliers latest Industrial Development Update has found that demand for industrial land in Western Sydney continues unabated as institutional groups adopt a build-to-core strategy.
Retired toolmaker sells Smithfield property for $3.21m at 3.43% net by CBRE
The former owner of industrial equipment manufacturer Quality Tool & Die NSW companys long-time base at 95 Percival Road sold for $3.21 million negotiated by Janet Joljian of CBRE.
Centuria Capital lease to Soudal in Glendenning negotiated by CBRE
The Australian arm of sealant, construction foam and adhesive manufacturer Soudal has moved into 75 Owen Street, Glendenning. CBRE John Micallef, Moshe Greengarten and Cam Grier negotiated the lease to Soudal on behalf of Centuria Capital.
How to make sense of property values in the time of COVID-19, when there is no market
Urban Property Australia Founder and Managing Director, Sam Tamblyn examines how commercial property price trends will be determined in the wake of COVID-19.
How DRNKS, a niche Sydney business evolved with the changes COVID-19 restrictions imposed upon them. WILLIAMS MEDIA spoke with Ella Stening, 'Wine Lady' of DRNKS.
Sydney's most expensive property has sold for $140m
Kylie Rampa CEO of Property Lendlease says the $140 million sale of the One Sydney Harbour penthouse and sub-penthouse presents a paradigm shift in Australian property smashing $100,000 per square metre.
