Commercial leasing: Watch this space
The estimated annual rent that training and job placement consultants Set Solutions will pay to lease a 710-square-metre office and warehouse facility (including three operating bays, 1,500 square metres of hardstand, and modern office facilities) in Melbourne’s western suburbs in a deal negotiated by Savills Australia divisional director Tim Casanelia and colleague Chris Telley. The company will lease the 610 Geelong Road property in Brooklyn for three years. The lessor is investor/developer Lococo Nominees Pty Ltd.
The annual net rent per square metre that Alfred Health will pay to rent three floors totalling 2,407 square metres of office space 607 St Kilda Road, Melbourne. The company agreed to the lease following a major refurbishment and service upgrade by owner Centuria Property Funds, the property funds management subsidiary of ASX-listed Centuria Capital. Following the Alfred Health lease and lease renewals by French multinational Sodexo, Celgene, Six Degrees, Software AG and BDA Marketing the building is now fully occupied. Both Alfred Health and Sodexo were introduced by Jay Pavey of Lemon Baxter. Knight Frank and Colliers International have been appointed to sell the asset, which was acquired by Centuria in 2002 for $21 million. Expressions of Interest for the sale close on March 15.
The starting annual gross rent per square metre (rising up to the low $400s) that four tenants will pay to lease office space at 459 Little Collins Street following a multimillion-dollar refurbishment. The four new leases total more than 1,850 square metres and were negotiated by Savills Office leasing director Gordon Wyllie. ASX-listed accountants WHK have agreed terms on an 830-square-metre lease and Skilled Group, also ASX listed, has taken a 360 square metre space. A further three firms have signed heads of agreement.
The amount of rent per square metre that SSP Asia Pacific will pay to lease 550 square metres of office space at level three, 293 Camberwell Road in Camberwell. The three-year sub-lease deal was negotiated by Michael Darvell, Colliers international senior executive of office leasing. “The space they have taken includes a high quality existing fit-out, and the building itself is also currently undergoing refurbishment which made the space even more attractive,” says Darvell.
The asking annual rent to lease the whole of level seven (200 square metres) at 48 Hunter Street in the Sydney CBD. The lease is being marketed by John Skufris of Ray White Commercial, who says the building features include floor-by-floor security, individual packaged air-conditioning, common shower and locker facilities, natural light and a pleasant outlook over Hunter Street. The annual rent equates to a gross rent of $504 per square metre per annum. The floor is available for sublease with a lease expiry of April 14, 2015. A new direct lease is also available. Onsite parking located within the building is available to rent at an additional cost.
