This article is from the Australian Property Journal archive
DEXUS has confirmed that Chinese-backed infrastructure and property company John Holland will relocate to its new office development the Paris End of Melbourne’s CBD, at 180 Flinders St.
The deal was previously reported by the Australian Property Journal.
John Holland has leased 7,700 sqm in the project, which will ultimately comprise 21,200 of space including 20,100 sqm for office and retail, including 12,100 sqm of A-grade office space over the existing public carpark and the refurbishment of the existing buildings at 189 Flinders Lane (3,700 sqm) and 180 Flinders Street (3,700 sqm).
Dexus did not disclose the rental rate, however industry sources said it is approximately $580 per sqm.
“180 Flinders Street will be new office space in the vibrant ‘Paris end’ of the Melbourne CBD, and delivers on our strategy of achieving enhanced returns through the identification of sites within our portfolio that we can reposition through development and leasing,” Dexus CEO Darren Steinberg said.
John Holland’s executive general manager David Lehmann said the group is going through an exciting phase of growth, with 100 new employees joining the business every month.
“180 Flinders Street is the perfect opportunity for us to expand and move our Melbourne Headquarters closer to our customers in the city centre,” he added.
John Holland will commence its lease term from practical completion of the first stage of the development in August 2020.
Of the remaining space, the variety of floor plates on offer, ranging from 500 sqm up to 2,400 sqm.
Australian Property Journal
