This was on the Knight Frank property update a couple of weeks ago:
Coates Hire has pre-committed to lease a 47,000sq.m site in the Kingston Industrial Estate at Logan (in Brisbane). The industrial property has been leased from Watpac for a 15 year term at an undisclosed rent. (Courier Mail 16/4/10 pg47)
That should help the bottom line.
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- great leasing deal