OpenTable become lessors in Collins Street office tower

OpenTable become lessors in Collins Street office tower
Staff ReporterDecember 7, 2020

OpenTable, a provider of online restaurant reservation services, has become the latest tenant to secure office space at Frasers Property Australia’s 357 Collins Street

OpenTable will occupy 770 sqm on the top floor (level 22) of the 32,000 sqm building for five years.

The leasing deal was facilitated by Colliers International’s Zak Seccull, Michael Darvell and Ben Christie.

CBRE’s Alex He nderson and Tom Backay represented OpenTable throughout the negotiations to secure the space on their behalf.

Mr Seccull said office buildings once popular with traditional white collar corporate tenants were now becoming increasingly popular with Tech and IT companies.

“IT has been our largest growth sector by enquiry in 2019, equating to 16.5% of all office leasing enquiries at Colliers International."

Melbourne’s commercial landscape has seen unprecedented evolution over the last five years, no market more so than coveted Collins Street. With the growth of tech start-ups and digitalisation of every industry, the former Collins Street corporate demographic no longer applies," Mr Seccull said.

OpenTable, which enables diners to browse, discover, book and review more than 51,000 restaurants, have relocated from its previous regional office in Preston.

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