Desane Group Holdings' (ASX:DGH) controlled entity, Desane Properties, agreed terms with Brisbane City Council in Queensland for a lease extension of 16 Industrial Avenue, Wacol, according to a Thursday Australian bourse filing.
The agreement extends the Brisbane council at the premises until June 30, 2030. Desane expects to earn around AU$4.5 million in rental income over that period, the filing said.
The council houses its fleet vehicle maintenance division at the facility.
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