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Derrimut flexes its strength as logistics hub

People & Companies / Latest News

Australia

Jan 31 2017

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Melbourne, 24 January 2017 – Steel distributor Steelforce has consolidated its three Melbourne properties into a new purpose built facility in Derrimut. 

The new 8,437sqm property at 91A Calarco Drive consolidates Steelforce’s Melbourne operations, which included Dandenong and Campbellfield facilities, as well as a third offsite unit. 

CBRE’s Associate Director’s Harry Kalaitzis & Todd Grima negotiated the seven-year lease deal on behalf of the joint venture developer, a private family and the Pelligra Group. 

The property, which was negotiated at a rental of $638,000 per annum, comprises a corporate office and amenities over two levels and a high clearance workshop with a spring height of 12 metres. The facility also features seven overhead gantry cranes, a large power supply and full truck drive around area.

Mr Kalaitzis said Steelforce was attracted to Melbourne’s western suburbs given its connection to major thoroughfares and industrial precincts. 

“Derrimut remains an attractive location for major logistics providers due to its vast road network and proximity to the port,” Mr Kalaitzis said. 

“The property backs onto the Western Freeway, which offers huge exposure.” 

For Australian/international news or global stories, follow us on Twitter: @cbreAustralia

 

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), 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 2015 revenue).  The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 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.

 

SOURCE: Press Release

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