CPOF – realestatesource https://www.realestatesource.com.au Commercial and residential property news Mon, 30 Nov 2009 02:41:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png CPOF – realestatesource https://www.realestatesource.com.au 32 32 TRUenergy Expands and Re-Leases at 385 Bourke Street, Melbourne https://www.realestatesource.com.au/truenergy-expands-and-re-leases-at-385-bourke-street-melbourne/ Mon, 30 Nov 2009 02:41:12 +0000 http://realestatesource.com.au/wordpress/truenergy-expands-and-re-leases-at-385-bourke-street-melbourne.html EXCITABLE Gas and Electricity Supplier TRUenergy has decided to stay put at its 385 Bourke Street office, on the footstep of the Bourke Street Mall.
 
TRUenergy will slightly expand the amount of space it leases at the building, to 9,295 square metres, over seven contiguous floors.
 
TRUenergy’s lease at the Commonwealth Property Office Fund owned tower was due to expire next November. 

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Jones Lang LaSalle’s Sarah Bidinost manages the building. She would not comment on the rent TRUenergy is paying, however sources say upper levels in the building are asking about $400 per square metre, per annum, before outgoings.
 
CPOF recently announced plans to develop a 20,000 square metre, 13-level office building next door to 385 Bourke Street, above the existing Galleria shopping centre and food court.
 
The likelihood of the new development proceeding is said to hinge on finding a major new office tenant, prepared to lease most or all of the space.

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