This article is from the Australian Property Journal archive
SYDNEY’S King St Wharf is becoming increasingly popular for office tenancies, according to Ray White Commercial, which has leased space.
Ray White commercial office leasing director John Skufris said the waterside area is renowned for its bars and restaurants, but the proposed nearby Barangaroo redevelopment and Macquarie Group’s decision to relocate there had fast-tracked tenant interest in King St Wharf.
“The conversion of Barangaroo’s famous industrial glory into an active residential, commercial and recreational precinct is already assisting to revive King St Wharf for new office tenants, investors and owner occupiers alike,” he continued.
National strategic communications and marketing group Reputation Australia has leased a two level retail/commercial terrace with parking at 37 Shelley St from Melbourne-based investors. Reputation Australia’s three year lease commenced with initial rent of $425 per sqm gross.
Ray White Commercial’s office leasing director Anthony Harris said the deal with Reputation Australia was one of a number of recent sales and leasing transactions completed by his office for the precinct.
“Other new groups to King Street Wharf include executive rental specialists the Property Business Australia and online outsourcing web business Freelancer.com,” he concluded.
Australian Property Journal
