This article is from the Australian Property Journal archive
PLATFORM administrator and managed account specialist, Linear Asset Management, signed a seven year lease at Northbank Place in the Melbourne CBD.
Linear has leased the ninth and tenth floors of the new, 525 Flinders St building, totaling 900 sqm plus a balcony of 350 sqm.
The rental was undisclosed but believed to be around $400 a sqm net.
Savills (VIC) office leasing divisional director Phillip Cullity negotiated the deal with colleague Mark Bolis on behalf of a private investor.
They said Linear, previously at St Kilda Rd, had required additional space to cater for expansion of the business.
“Linear needed a larger space but also wanted to remain close to the CBD. The opportunity to take a new space in a quality A Grade building with all around natural light and excellent views, on the CBD fringe, also appealed,” Cullity said.
This is the second commercial lease signed at Northbank Place this month.
Global fast food outlet Domino’s Pizza will open its first CBD pizzeria at Northbank Place.
Australian Property Journal
