Bupa leases in iconic Newspaper House
Staff ReporterDecember 7, 2020
Bupa Australia has taken a rental lease at Newspaper House, the seven level retail and office building at 247 Collins Street Melbourne.
The iconic Newspaper House was purchased in June for around $23 million.
The lease includes 275sqm of space leased at more than $800,000 per annum on an eight year term through an off-market deal brokered by Savills Australia and Vantage Property Investments.
Savills’ Victorian Retail Director, Michael Di Carlo said the lease was brokered off-market prior to the new landlord having completed settlement.
Bupa will relocate from The Block Arcade at 292 Collins Street.