Comcater has leased a 10 per cent piece of the ex-General Motors Holden headquarters in Port Melbourne.
The commercial kitchen equipment supplier will consolidate from offices and warehouses at nearby South Melbourne and, in the west, at Derrimut, to 191-197 Salmon Street, which will also be its headquarters.
The initial lease term is eight years.
Lemon Baxter’s Chris Chartres represented the landlords, Altis and Arrow Capital Partners, which recently undertook a refurbishment of the two level space – to be configured as a 1200 sqm office and 800 sqm showroom.
Ticker News is another major occupier in the campus style building, which GMH sold to Australian Super and Mirvac with a leaseback in 2005.
Altis, managed by Arrow Capital Partners, bought it for c$85m in 2015, just ahead of the car maker confirming it would move out.
191 Salmon Street
On 2.4 hectares, 191-197 Salmon St office contains c21,000 sqm of A-grade area (story continues below).
“Finding 2000 sqm…is rare in Port Melbourne, with only nine office lease commitments of over 5000 sqm in the past four years,” Mr Chartres said following the Comcater deal.
“Port Melbourne is undergoing a massive transformation with the new Melbourne University engineering campus opening up next door and off the back of the proposed new tram line coming along Turner St that will be extend to Collins St,” he added.
“The move marks a significant step for Comcater’s business growth and the state of the art facilities and superior fit-out at this location will greatly enhance our operations and provide an outstanding working environment for staff,” Comcater’s managing director, Rob Wood, said.
The University of Melbourne paid the state government $54.6m for the 7.16ha parcel earmarked for its campus – 223-245 Salmon St.
The land formed part of a 37.7ha parcel the state government acquired from GMH for $130m in 2016.
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