Bloomberg considering move to Sydney's 1 Bligh Street

Business information provider Bloomberg is considering moving into the Dexus 1 Bligh Street flagship office tower, according to reports.

Bloomberg currently leases about 1,200 square metres of space on level 36 of the 50-level Gateway Building at Macquarie Place, the wedge-shaped glass tower overlooking Circular Quay.

Both buildings form part of the $13 billion property portfolio managed by Dexus.

According to the Australian Financial Review, Bloomberg is seeking about 2,400 square metres of premium grade space and is currently considering a number of options.

The floor plates in 1 Bligh Street are about 1,600 square metres.

The paper reports that Dexus has a propsal with another tenant that would take the occupancy of six-green star rated 1 Blight Street to 67% by the end of the year. Dexus is targeting occupancy of 80% by June next year.

Dexus lists the current vacancy rate in 1 Bligh Street at 51%, with law form Clayton Utz the major tenant.

In October, Merrill Lynch analyst Simon Garing forecast it would take at least four years to fully lease 1 Bligh Street.

1 Bligh Street has won numerous architectural, design and sustainability awards since being completed earlier this year.

The Commonwealth government also intends to move into the building.