Investa Commercial Property Group seals four office lease deals at Sydney’s 201 Kent Street
Investa Commercial Property Fund has found tenants to fill 7800 square metres of an office at 201 Kent Street in the Sydney CBD.
In the biggest deal, a sitting tenant has renewed for 3000 sqm of space.
This occupier will be joined by three new tenants: software company Nutanix, which is renting 1730 sqm for six years.
Recruitment firm Manpower has leased another 1730 sqm – for a 10 year term.
Manpower was previously based at Darling Point, in Sydney’s inner-east.
The Commonwealth of Australia has also signed up for 1300 sqm, an Investa Commercial Property spokesperson said.
With these rental agreements, the 39,853 sqm office is fully leased.
The building’s Weighted Average Lease Expiry (WALE) is four years, the landlord added.
“The recent leasing success can be largely attributed to the significant investment ICPF has made in the asset in recent years,” Danielle Byrne, the general manager of 201 Kent Street, said. “The superb $8 million foyer refurbishment completed in 2018 transformed the Building, creating a lively, connected environment at street level, which was further enhanced with the opening of premium, co-working operator Work Club”.
Colliers International leasing agent Frank Sassine added the building’s large office floorplates, a gym, childcare centre, conference centre, indoor and outdoor cafe and open-air courtyard with access to the Grafton Bond Building.
Mr Sassine’s colleague, Dean Bracken, said that the multi-billion Barangaroo precinct and Wynyard Walk are a short distance from 201 Kent Street.
“201 Kent Street offers tenants a full-time concierge, and a range of time-saving services that can be accessed through Investa’s Insite tenant portal, including dry cleaning, bike repairs, catering and airport transport,” Mr Bracken said.
Other occupiers in the building include insurer AON and Crown Resorts (which is developing Barangaroo).
