This article is from the Australian Property Journal archive
IN one of the largest leasing deals in the Sydney CBD since the onset of the pandemic Parkline Place, has secured a new tenant in BDO Australia.
Leading global accounting, tax, and advisory services firm BDO has signed on to occupy 6,100sqm across levels 22 to 25 of Parkline Place, located on the corner of Sydney’s Pitt and Park Streets.
“We are delighted to welcome BDO to Parkline Place,” said Michael Cook, head of property at Investa.
“In a competitive leasing market, BDO was committed to securing a building that provided their people with leading facilities in a state-of-the art building, in a central location, with the convenience of unrivalled, multi transport connections.”
The Investa managed and delivered premium-grade commercial tower is co-owned by Oxford Properties Group and Mitsubishi Estate Asia.
“Welcoming BDO to Parkline Place is a major milestone for this project,” said Alec Harper, head of Australia at Oxford Properties.
“It is further validation of our long-term investment thesis that best-in-class workplaces that are green, smart and focused on wellness and employee experience will continue to outperform.”
Designed by Foster + Partners, the tower is an integrated public transport over-station development and is located on top of Sydney Metro Pitt Street Station.
Spanning 39-storeys, the premium tower comprises 47,839sqm of office space across 30 levels and 1,285sqm of hospitality and retail.
“Parkline Place will set a new standard for the workplace experience in Australia. It will help leading firms like BDO to offer a differentiated employee and client experience in an ever more competitive talent and business environment,” added Harper.
“The successful workplace of tomorrow is not just a location for employees to assemble to complete their tasks; it inspires employees, fosters collaboration, learning and mentorship and is an extension of a company’s brand.”
The design includes adaptable large and small spaces and environments, with hotel-quality end of trip facilities, social hubs, a multi-purpose podium area, breakout spaces and interconnecting stairs.
“Throughout our strategic partnership with Oxford, we’ve remained wholly aligned in our long-term confidence in Sydney’s office market and our belief that the best office product prioritises the employee experience,” said Yuzo Nishiyama, head of Australia at Mitsubishi Estate Asia.
“Parkline Place is a leading example of how an integrated development can transform how organisations interact with their workforce and continue to attract the very best firms.”
Parkline place will also be powered by 100% renewable energy and it will be net zero in operations.
“Our move to Parkline Place is testament to the strong growth and demand we’ve experienced over the past few years as BDO has cemented its position as one of the leading advisory firms in the market,” said Grant Saxon, Sydney managing partner at BDO Australia.
CPB Contractors is delivering Parkline Place, which is due for completion in 2024, with BDO scheduled to move in to the tower in 2025.
“We believe Parkline Place will provide an environment that encourages collaboration and hybrid ways of working and its location and integration with Sydney’s transport network will make it easy for our people and clients to access our team,” concluded Saxon.
