Industrial asset snapped up by interstate investor in off-market deal
Demand for southeast Queensland industrial assets continues with interstate investors snapping up 142 Mica Street, Carole Park, in an off…
Importer Secures Tingalpa Site
HSW Imports has leased a warehouse/office in an industrial precinct of Tingalpa in Brisbane’s east for its new headquarters.
HSW has taken up a tenancy in the 750 sqm building at 1/30 Millenium Place, Tingalpa, in a deal negotiated by Sean O’Connor of Ray White Industrial Milton.
Sean O’Connor said HSW approached him with a highly specific requirement to locate a building with an insulated warehouse of tilt panel construction.
“Due to the nature of the goods they were storing, the property had to be kept at a constant cool temperature,” he said.
“After inspecting many properties, the building in Millenium Place was deemed to be the most suitable for HSW.”
Sean O’Connor said the Tingalpa property had been available for lease with multiple agents since July this year.
HSW has secured a 3 + 3 year lease at a net rental estimated at between $100-$120 per sqm per annum.
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