Salmat signs lease deal for office space in Melbourne's La Trobe Street

ASX-listed marketing services company Salmat has signed a six-year lease for office space in Melbourne's commercial CBD with the Lendlease-managed Australian Prime Property Fund Commercial (APPF Commercial). 

Salmat will occupy eight floors at 485 La Trobe Street, taking nearly 8,400 square metres in the South Tower.

Salmat will move into the building in January 2017 and has expansion rights over a further 3,300 square metres.

It will join other corporates at 485 La Trobe Street including Catholic Insurance, BP Elite and MV Anderson Accountants.

The 33,500 square metre, A-grade commercial complex was purchased by APPF Commercial in December 2013 and will undergo a refurbishment of the ground floor and end of trip facilities this year.

Salmat CEO Craig Dower said the decision followed 12 months of due diligence to find a suitable location.

“Maintaining a CBD presence, with accessibility to public transport from all surrounding areas will minimise the impact on our staff, clients and the business, as well as provide access to a pool of new staff to support our growth strategy,” said Dower.

Leon Kriewaldt of Tenancy Solutions represented Salmat, while Phillip Cullity of Savills advised Lendlease.