International Corporation opens Australian Branch in Newcastle

Beresfield, NSW, June 2024 – 3 Yilen Close, Beresfield has been successfully leased to international corporation, Meiteng Technology, providing an encouraging indicator for economic stability and further environmental stewardship in the Hunter’s mining sector.

Through the lease of the Beresfield industrial site, Meiteng Technology pty LTD is set to open its first Australian branch in Newcastle. The Chinese company develops smart dry technology that applies x-ray and machine algorithms to mined material processing operations, boosting efficiency and minimising waste. The industrial Beresfield property was leased with a total building area of 977sqm and a site area of 1,800sqm*. The building features full pre-cast concrete panels and insulated roofing with alsynite sheets, supporting the organisation’s service requirements. The company commencing operations in the Newcastle/Hunter region can be recognised as a major opportunity for economic growth in the local area. As Meiteng Technology is a sizeable international corporation, their entry into the local area provides a key indicator of positive economic sentiment towards in the Hunter region’s mining sector.

“Meiteng Technology’s lease reinforces the ongoing strength of activity in the region’s mining sector, highlighting its resource reliability and economic benefit moving forward,” said Commercial Collective’s Industrial Executive Ryan Lippiatt.

Craig Watson, Industrial Senior Executive at Commercial Collective, further commented that the “increased activity in the Hunter mining sector is continuing to demonstrate the flow-on effect in the industrial property precinct of Beresfield”

Interest continues to grow in the Hunter region and with it the demand for commercial and industrial property. Commercial Collective is committed to supporting the region’s expansion through the facilitation of strategic commercial property transactions.