John Gandel leases ex-HQ to serviced office operator

John Gandel

John Gandel has leased his company’s former and unique headquarters to serviced office operator Waterman Group.

The 5000 square metres space above David Jones will be reused from next week.

Waterman Business Centre Chadstone will be the third operation in the company’s portfolio; it also rents at Narre Warren and Scoresby, in the Caribbean Business Park.

Appointed with high end fixtures and fittings the Chadstone space incudes a café, gym and views of the city 12 kilometres away.

Its occupants can rent offices from $279 a month includes a car park.

The arrangements allows for its clients to use any Waterman locations.

The Chadstone facility will open on August 8.

O’Brien Real Estate Group Corporate will be the anchor permanent tenant.

Gandel, which co-owns the retail asset with Vicinity Centres, offered the redundant workspace after moving to an 11-level base elsewhere in the area.

Despite being marketed as “the fashion capital” – the complex is developing a reputation as a prestigious suburban office hub (story continues below).

Chadstone: the office capital

JB Hi Fi was one of the first retailers to show confidence in a Chadstone office, relocating its headquarters in 2013 to Chadstone Place, or Building 2, at 1341 Dandenong Road.

A year later, it extended its 4000 sqm commitment to 700 sqm.

Another retailer, Cotton On, has its office base at the complex, as does Boost Juice’s parent company, Retail Zoo.

Agency Colliers International, also the Chadstone leasing agency, recently moved in.

Mr Gandel, 82, is reported to have a personal wealth of about $6.1 billion.

His family home, Bedford, in Toorak’s Albany Rd is often ranked by agents to be one of the city’s priciest residential holdings.

The businessman and philanthropist also owns a waterfront estate in Flinders near where he is building an arts precinct and sculpture park.

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Marc Pallisco

A freelance property writer and experienced analyst, Marc is the co-founder of