Arbor Networks secure Sydney office lease

Global IT company Arbor Networks has secured an office suite at 151 Castlereagh Street in the Sydney CBD.

The company has agreed to lease 428 square metres in the Valad owned building for a three year term, on an initial rent of $585 per square metre gross.

CBRE’s Tim Courtnall and Tim Molchanoff negotiated the lease.

“Arbor Networks was attracted to its location in the evolving midtown precinct, as well as the contemporary design of 151 Castlereagh Street,” Mr Courtnall said.

“The ability to complete a new fit out incorporating the balcony in the suite was also a major drawcard.” Arbor Networks had recently acquired a local business and said to be looking to grow exponentially over the next three years.

In a separate lease, in the same building,  Silverstone Investments has leased a 222 sqaure metres suite on the sixth floor. The rent was struck at $625 per square metre gross on a five-year term.