Steinhoff has signed a seven year lease in the Horsley Drive Business Park, a newly built Frasers Property industrial estate on the corner of The Horsley Drive and Cowpasture Road in Wetherill Park.
Steinhoff has signed a seven year lease in the Horsley Drive Business Park, a newly built Frasers Property industrial estate on the corner of The Horsley Drive and Cowpasture Road in Wetherill Park.
Trading under the Select-o-Pedic brand, Steinhoff will lease an 8,009sq m office/warehouse on a new seven year term, off the back of the original Fantastic Holdings Limited lease, under their brand, Royal Comfort Bedding.
Located in part of Lot 2, the property was the final speculative developed unit within the estate and was leased prior to practical completion. The estate is certified with a 6 star Green Star Design and As Built rating.
Ray Trimboli and Darren Curry of Savills negotiated the lease and said the expansive business park is located within the established industrial area of Wetherill Park with excellent heavy vehicle access to both the M4 and M7 motorways.
Market rates that have been achieved within the estate have been between $115-$120 per square metre net.