Primelife Move Sparks Tenant Merry-go-Round in the CBD and South

The retirement village developer, which now goes under the name Babcock & Brown Communities Group, has leased about 2200 square metres at the new Spotlight office development in Cecil Street, and is in the process of relocating staff now.

It will join advertising agency Mitchells, which has committed to about 1500 square metres of the new A-grade building.

Filling the space Primelife vacated at its long time home at 210 Kingsway is printing solutions group PMP Limited, which will relocate from Freshwater Place.

And finally – moving into PMP’s outgoing Freshwater Place office space – is Visy, which will use the building as its new head office.

Lemon Baxter directors Paul O’Sullivan and Nick Bade said the game of tenant musical chairs has taken months to co-ordinate. He described the strength of the tenant market as buoyant.

He pointed to recent Property Council of Australia occupancy levels, which show Southban office vacancy fell from 8.8 per cent two years ago, to 2.9 per cent as at January 2008.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of