Commercial leasing: Watch this space

Commercial leasing: Watch this space
Commercial leasing: Watch this space

The estimated annual rent per square metre that Australian designer and manufacturer of men’s dress shoes Acuto Shoes will pay to lease a 40-square-metre retail site on the at 123 Queen Street, on the corner of Little Collins Street in the Melbourne CBD. The retailer has committed to a new five-year CBD retail lease following a successful three-month trial in a deal negotiated by Savills Australia director of retail leasing Michael Di Carlo in conjunction with colleague Jeremy Marmur.

 


 

The gross annual rent per square metre that Academies Australasia and Performance Education will pay to lease space in at 333 Kent Street in the Sydney CBD. The two entities will lease four floors from CQ University. Academies Australasia has secured a five-year lease for 2,197 square metres on the ground floor and levels six and seven, while Performance Education secured a five-year lease for 1,041 square metres on level eight.  Louise Rowe and Peter Robinson of Knight Frank negotiated the leases on behalf of CQ University.

 


 

The annual net rent that BlueScope is paying to lease space 6,600 square metres of heavy industrial space and 406 square metres of office space at 249 Berkeley Road in Unanderra near Port Kembla. BlueScope’s tenancy has an early termination clause. The industrial space sits on 4.7 hectares of land. The property is being sold via expressions of interest by Tim Jones, Travis Machan and Geoff Jones from MMJ Wollongong closing on March 15.

 


The amount of space that the Shadforth Financial Group has leased in 240 Queen Street in the Brisbane CBD. Shadforth is a wealth management and financial advisory firm, listed on the Australian Securities Exchange. The 10-year lease over a whole floor was negotiated by CBRE state director of office services David Prosser and Luci Chiappini of Jones Lang LaSalle’s corporate solutions. The A-grade office building is owned by Brookfield Asset Management. The space was previously occupied by an AMP subsidiary.

 


 

The length of lease that sporting giant Adidas has signed as it moves to new Australian headquarters in Salta Properties’ Nexus estate in Melbourne’s east. Two buildings at 35 and 37 Dunlop Road will provide Adidas with 3,600 square metres of office space at the junction of Springvale Road and Monash Freeway. Rob Joyes, Colliers international director in charge of Melbourne East, represented Salta Properties while Peter Walsh, national director, and Jessica Van Raay, consultant, with Jones Lang LaSalle’s corporate solutions division acted on behalf of Adidas. Adidas will move from its existing premises in Mulgrave – where its national headquarters has been based for 15 years.

 


The amount of industrial space that Container Fumigation Services had committed to lease at 407 Douglas Parade in Melbourne’s west for a minimum of seven years. The lease was negotiated by Nathan Bingham from Colliers. The property – a purpose-built container handling facility featuring 10,000 square metres of heavy-duty hardstand and warehouse capacity of around 5,000 square metres – had been occupied for more than 15 years by Hoffman Transport, which was purchased by the Silk Logistics Group in 2008. “Silk Logistics has rationalised their property requirements and will move these operations from Newport to a significant container handling facility located on Sunshine Road in Tottenham,” says Bingham  “There were a number of parties vying for the property, and the lease was secured under significant competition,” he adds.

 

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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