Australian instant boiling water system manufacturer, Zip Industries, has committed to 1,661sq m at Hallam, signing a lease for part of 59-65 Wedgewood Road.
Australian instant boiling water system manufacturer, Zip Industries, has committed to 1,661sq m at Hallam, signing a lease for part of 59-65 Wedgewood Road.
Savills Australia’s David Kalb and Kosta Filinis, in conjunction with Crabtrees Real Estate, negotiated the five-year deal at $82/sq m on behalf of a private landlord. Zip took over from Polyflor Australia last month.
Mr Kalb said Savills initially sold the property for $3.68 million to an owner-occupier, who had residual space to lease out after moving in.
"The refit encompassed significant office space and a high-quality showroom, which suited the tenant perfectly,” he said.
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