Despite Bleak Backdrop, Corporates Pay Top Dollar For Sydney Offices in 2011

CORPORATE heavyweights Bell Potter and Southern Cross Equities, which merged last year, have agreed to lease 3000 square metres of premium grade office space in Sydney’s landmark Aurora Place office building.

The lease, across the 37th and 38th floor, will see Bell and Southern Cross pay rent of about $1300 per square metre, per annum – amongst the highest rent paid for any CBD office in Australia.

Another tenant, Goldman Sachs, has renewed a 5000 square metre lease across three floors at the Grosvenor Phillip Tower, at the corner of Phillip Street and Farrer Place, also in Sydney.

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South Korea’s Carlyle Group to Pay About $685 Million For Aurora Place, Sydney

SYDNEY’s landmark Aurora Place office building is reportedly close to sale for about $685 million. South Korea-based pension and equity firm Carlyle Group is understood to be in due diligence to buy the office, after an international selling campaign. Earlier this year, Carlyle jointly purchased a Tokyo office building for $426 million, according to the

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