government lease Archives - realestatesource

THE Australian Taxation Office will play landlord, leasing a large chunk of a Canberra office building it owns to the Department of Climate Change and Energy Efficiency.

The department will pay nearly $1.3 million per annum to lease 2940 square metres of space at the office, on the corner of Akuna and Bunda streets.

It has leased the space – three levels of the building – for one year and nine months, which assumes the Gillard government will serve its full term.

A.C.T.

Canberra’s Maritime Safety Authority Building Sells For $44 Million

November 25, 2009 Marc Pallisco Canberra CBD office sale, government lease, private investor

CANBERRA’s near new Australian Maritime Safety Authority building has sold for $44 million to an undisclosed private investor.

The 82 Northbourne Avenue office, which was completed last July, sold on a yield of 7 per cent.

The building measures seven levels and was sold with a 15-year lease to the government, paying a high $430 per square metre (high compared to similar quality offices in Sydney and Melbourne).