Non-fiction book publisher Parragon moves from South Yarra to Richmond at $320 per square metre

The Australian arm of Parragon Publishing, the world’s largest illustrated non-fiction book publisher, has relocated across the Yarra renting office space in Richmond at a net rent of $320 per square metre.

It will rent half of the top floor (460 square metres) of building 2 in the Richmond business park at 658 Church Street, with CBD views.

Other tenants in the business park include Just Jeans, Mattel, Country Road and advertising agency DDB.

The publisher had previously rented office space in the Como Centre on Chapel Street, just on the other side of the Yarra River.

Current leasing listings suggest Parragon was paying more to lease space on Chapel Street, with space in the Como Centre currently being advertised at $340 per square metre excluding GST and outgoings.

The new three-year lease was negotiated by Michael Darvell, senior executive for office leasing at Colliers International.

“The rental rate reflects a quality asset right in the heart of Richmond’s commercial hub,” says Darvell. 

The lessor is PodCo Property, a property development company, headed by well-known former commercial agent Anthony "Pod" Wilson.