Fujitsu May Relocate Offices to Docklands

Sources say the IT giant is in advanced negotiations to lease four levels, totalling 6000 square metres of space, at Lend Lease’s The Gauge office building at Docklands.

Lend Lease will occupy the remaining two levels of the 9000 square metre, A-grade building, meaning the building could be fully occupied by the time it opens in May next year.

The deal would end a hunt for office space that started for Fujitsu earlier this year. Other office buildings including 370 Docklands Drive and 818 Bourke Street were also said to be on the company’s radar, however this could not be confirmed.

A Fujitsu spokeswoman told The Age said a formal decision regarding its future office accommodation in Melbourne will be made before the end of the year, saying the group has nothing to comment on at the moment.

A spokeswoman from Lend Lease also declined to comment on any negotiations, when contacted by The Age.

However city leasing industry sources seem united the buck has stopped at 825 Bourke Street, which is in the Victoria Harbour precinct of Docklands.

“What we’re hearing is that Fujitsu is in advanced negotiations with Lend Lease to occupy all remaining space at its Gauge office building,” said one source who wished to remain anonymous.

“We understand there’s no room left in the building for prospective tenants to inspect, so it seems all but a done deal.”

Jones Lang LaSalle director Kevin George is marketing The Gauge office building in Docklands. He also declined to comment.

Fujitsu’s office leasing requirement would see it amalgamate staff currently based in three office locations dispersed in Southbank and suburban locations.
It’s believed asking rents in The Gauge office building are around $380 per square metre.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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