Savills secure Darra warehouse lease for RedEarth Energy Storage

An Australian owned and operated energy storage company has secured a brand new speculative built warehouse facility in Darra to house their operations.

RedEarth Energy Storage have leased the 2,024 sqm space located at 15 Fienta Place for $120 per square metre, in a seven year deal negotiated by Chris Young of Savills.

Executive of Savills Industrial and Business Services, Chris Young said the transaction was negotiated with a fitout incentive in place.

“An ‘innovation centre’ will be built, from which RedEarth will conduct research and development, there will also be a control room built for the monitoring of its battery fleet, plus a staff training room,” Mr Young added.

RedEarth engineer and manufacture a range of solar battery systems, including both on and off-grid storage and hybrid energy storage.

Executive Director of RedEarth Energy Storage, Charles Walker reports that they plan to make and sell over $70 million of Australian-made energy storage systems by 2022.

The property is set to benefit from the next stage of the Ipswich Motorway upgrade, which will see a new off ramp onto Kimberley Street built.

“This will make the site accessible from the motorway within minutes,” Mr Young said.