Savills secure Darra warehouse lease for RedEarth Energy Storage

Savills secure Darra warehouse lease for RedEarth Energy Storage
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.

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Savills Darra

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