ANZ Mobile Lending relocates in Sydney CBD
ANZ’s mobile lending division has relocated to a 95.85-square-metre office in the Sydney CBD at a gross rental of $450 per square metre per annum plus GST.
The five-year lease at level 4, 36 Carrington Street, was negotiated by Ray White Commercial office leasing director John Skufris.
ANZ mobile lenders travel to borrowers homes to provide information about the bank’s home loans and packages and help borrowers with their mortgage applications.
The building, formerly known as Korean Air House, is a 10-storey office block with ground-floor retail and basement parking for 12 cars.
It is located near the Menzies Hotel above Wynyard train station and is directly opposite Wynyard Park.
Skufris says the new office offers "genuine convenience to major bus and rail interchanges, the Met Centre and Martin Place".
Other tenants in the building include wine retailer Vintage Cellars, Tourism Ireland and Godfrey Pembroke financial consultants.
There is now only one remaining whole floor measuring 257.5 square metres available for lease at 36 Carrington Street.
Level 8 at 36 Carrington St is undergoing refurbishment and will soon be offer for lease.
“The asking rent will be $475 per sqm per annum,” says Skufris.
According to the Savills third-quarter Sydney office report, B-grade gross office rents range from $550 to $730 per square metre, with A-grade rents between $680 and $1,005 and premium CBD office space available at $900 to $1,470 per square metre.
Recent Sydney CBD leasing deals include the Energy and Water Ombudsman leasing 1,436 square metres of office space at 133 Castlereagh Street at net rent of $550 per square metre.
The University of Sydney leased 1,714 square metres of space in the same building at net rent of $580 per square metre.
Sydney CBD vacancy rates contracted by 1.5 percentage point contraction from 9.7% in January to 8.2% in July – the largest decline of all CBD markets over this period, according to the most recent Property Council of Australia office report.