Fundie pays $1080 a square metre for Sydney A-grade office space
Private fund Key Player has signed a lease for bigger office premises in the 208.5-square-metre suite at Level 27, 420 George Street, in the Sydney CBD, paying net annual rent of $1080 a square metre over two years.
The A-grade space is accessible through the MidCity Shopping Centre in Pitt Street Mall.
Savills’ Chris Rowe brokered the deal for landlord MST Capital Pty Ltd.
Balcony special
Marlin Brands has leased a top-floor 150-square-metre office at 15-19 Claremont Street, South Yarra, at a net annual rent of $460 a square metre.
The property has a wrap-around balcony and will be leased for three years.
Colliers International’s Ash Dean and Chris Meehan and POC Commercial’s Patrick O’Callaghan handled discussions for landlord SME Finance Group.
Vintage deal
Retailer Vintage Garage is expanding and has secured a new five-year lease for a bigger space at a 1300-square-metre warehouse at 1 Newman Street, Preston.
On a 2000-square-metre site, the property has multiple roller-door access, parking and a storage yard.
The business will pay a net annual rent of $95,000.
Knight Frank’s Daniel De Sanctis closed the deal.
West to east
Office services supplier CF Direct has inked a new five-year lease, with options, over a 600-square-metre clear-span warehouse in Port Melbourne to accommodate its expansion from Western Australia.
CBRE’s Guy Naselli and Jake George marketed the property at 5/11 Salmon Street for a private Melbourne family.
The property also has a container-height roller door and small offices.
The annual net rent has been agreed at $110,000.
Two for Harp
A2 Milk Company and The Collective Worklab have moved to the Harp Village precinct, in High Street in Melbourne’s Kew East, on newly signed leases.
A2 has signed up for a 480-square-metre office suite for four years with landlord Stankon Nominees. The company will pay a gross annual rent of $500 a square metre for the property at 677 High Street.
The Collective Worklab has leased a 320-square-metre, two-storey office building 627 High Street from a private investor at a gross annual rent of $130,000. The lease term is four years. The space will be the Hong Kong company’s first international office.
CBRE’s John Howell and Gianni Macdonald negotiated the two leases.
The sky’s the limit
Electromechanical products business Skyzer Technologies has agreed to terms on a five-year lease over a new office/warehouse in West Industry Park, in Melbourne’s Truganina.
The 4011-square-metre warehouse at 2/8 Vulcan Drive will be Skyzer’s head office for Victoria.
The new facility has a high-clearance warehouse, 50-metre hardstand and 200 square metres of office space. There are also three roller-shutter doors, two recessed loading docks and 27 car spaces.
CBRE’s Tom Murphy and Tom Hayes negotiated the deal for landlord 151 Property at an annual rent of $77 a square metre.
Active Pymble
Pinmark Investments Pty Ltd has signed up new tenant Doran Corporate Pty Ltd for its 339-square-metre office at 55 Grandview Street, Pymble, in Sydney’s north, on a four-year lease.
The gross annual rent for the ground-floor property is $525 a square metre.
JLL’s Francesco Princi handled negotiations.
Tyres roll on
Tyre company Bridgestone has signed a 10-year lease for a 682.6-square-metre freestanding showroom at 1489 Albany Highway, Cannington, in Western Australia, for its latest store.
The deal for the property, with tilt-up concrete slab construction and metal-deck roofing, was secured with a private landlord through Vend Property’s Jeff Klopper.
The net annual rent agreed was $143,346.
Coastal cleanse
Juice company Boost Juice has opened a new outlet in Caloundra on the Sunshine Coast after leasing a 78-square-metre retail property at 10A/67 Bulcock Street.
Ray White’s Alan Gray and Len Greedy brokered the six-year lease, with options, on a gross annual rent of $31,200.
Homewares take over
The property at 529 Malvern Road, Hawksburn, in Melbourne, formerly a newsagent, has been leased to Let’s Cook Homewares for its second store.
The deal was struck at a annual rent of $800 a sq m over a seven-year lease term, with options.
Gross Waddell’s Tamara Gross acted on the transaction.
