Jacobs to move into office tower in North Sydney's largest lease deal for 2015

Jacobs to move into office tower in North Sydney's largest lease deal for 2015
Jacobs to move into office tower in North Sydney's largest lease deal for 2015

Technical services provider Jacobs has finalised the biggest leasing transaction in North Sydney this year after committing to occupy 6,872 square metre of space in 177 Pacific Highway.

The $413-million building is being developed by CIMIC Group through Fishermans Bend Urban Renewal Area on behalf of Suntec Real Estate Investment Trust (Suntec REIT).

The 40,000 square metre project is the largest commercial development in the North Shore.

Under the lease agreement, Jacobs will relocate its headquarters to 177 Pacific Highway from its nearby premises in St Leonards.

Nearly 600 Jacobs’ staff will be involved in the move to 177 Pacific Highway.

The building will incorporate state-of-the-art design elements, large floor plates, harbour views, full end-of-trip facilities and green credentials.

 “Jacobs’ commitment demonstrates increased activity from tenants wanting to relocate to North Sydney, with this being one of the largest commitments in the area in many years," said Peter Flint, CBRE head of office services for NSW. 

The Jacobs agreement follows a series of recent deals in the project’s food precinct, with Naked Duck Restaurant and Café, and Sushi Jones to occupy the retail space in the Garden Plaza, which is designed as the centrepiece of the 177 Pacific Highway development.

The ground floor will feature the indoor, all-weather Garden Plaza protected by a 15-metre high glass façade and provide a place for tenants, surrounding workers and other members of the surrounding community to relax and enjoy a variety of culinary experiences.

The 30-level office tower designed by Bates Smart will be complete in 2016.

Tags: 
Office Market Commercial Lease

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