This article is from the Australian Property Journal archive
START-UP Foundr Magazine has relocated its global headquarters to South Yarra.
Fitzroys agents Samuel Friend and Stephen Land negotiated the four-year lease of the large 500 sqm full-floor office at 60 Wilson St with a further four-year term at $145,000 per annum plus outgoings and GST, with 3.5% annual increases.
Friend said Foundr Magazine was looking to move north from Prahran and into South Yarra, and to a larger office.
He said more than 50 enquiries were received, largely from high-quality, younger companies – including a dance studio, F45 fitness centre, law firm and Remedy Drinks, among others – demonstrating a clear appetite for office space within South Yarra.
“Businesses are wanting to attract and retain talent in the up-and-coming generation Melburnians, and key to that is a location close to dining, shopping and recreational options,” he added.
Land said demand throughout the Richmond and Cremorne markets is starting to spill over to neighbouring city fringe markets such as South Yarra, which has a massive office pipeline in line with its growing population and youthful demographic.
