Tuesday, 30th July 2019
New South Wales
Microsoft’s Winten Tower Lease (AFR)
Microsoft Australia has committed to 10,655m² of office space across seven levels at the $1.2 billion 1 Denison Street, North Sydney, NSW 2060 commercial office building.
The tower will be the the tallest in North Sydney, is being developed by the Winten Property Group, and is currently mid construction by Multiplex.
The tower is now more than half filled. Anchor tenant Nine Entertainment Co has committed to 17,000m² of space, while software group SAP will take on 6000m².
North Sydney Office Lease (AFR)
Advertising company oOh!media will lease 6858m² of office space over levels two to five of the B-Grade office tower at 73 Miller Street, North Sydney, NSW 2060.
The building is being refurbished and currently totals 14,672m² of office space, but will have 19,062m² and two extra levels once finished.
The property is owned by Propertylink Australian Commercial Trust I, a joint venture between ESR and the global investment manager Partners Group.
The lease will commence in 2020 on a 10-year term.
Seven Hills Showroom Lease (AFR)
German machinery group Bauer’s Australian business Bauer Equipment Australia has secured a lease for a 2743m² warehouse/showroom at 36 Bearing Road, Seven Hills, NSW 2147.
The five-year lease with options comes with a net annual rent of $329,160 ($120/m²).
Brisbane CBD Office Lease (AFR)
The Queensland government’s water services company Seqwater has leased two floors of office space at Sentinel Property Group’s tower at 200 Creek Street, Brisbane City, QLD 4000.
The 10-year lease for 1600m² of space is for an annual rent of $585/m² ($936,000).
Avondale Heights Retail Flip (AFR)
Hospitality operator Cornerstone has leased a car wash at 2 Military Road, Avondale Heights, VIC 3034 with plans to convert the property into an upmarket fish and chip outlet and drive-thru coffee business.
The 1520m² site will be leased for three years at a net annual rent of $77,500 ($50.99/m²).
Online Business Secure CBD Lease (AFR)
Online ad company My AdBox has signed on a six-year lease for a 400m² office at 276 Flinders Street, Melbourne, VIC 3000 at a net annual rent of $650/m² ($260,000).
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