This article is from the Australian Property Journal archive
WESTPAC has extended its office lease at 275 Kent St Sydney to 2030.
Co-owners Mirvac Group and Blackstone have entered into an agreement with Westpac, with the bank securing 58,500 sqm across levels 1 to 23 of the 32-level premium grade tower for a 12-year term, commencing November 2018.
“I am delighted we have been able grow our relationship with Westpac and secure their long-term commitment at 275 Kent St in Sydney,” Mirvac’s CEO Susan Lloyd-Hurwitz said.
“Westpac will benefit from a close proximity to the soon-to-be-enhanced Wynyard Walk and the Barangaroo development, with 275 Kent St set to become a prominent anchor building in this emerging western corridor of the Sydney CBD.
“In addition, 275 Kent St has recently been awarded a 6 Star Green Star Performance v1 certified rating, one of just two buildings in Australia to achieve this, demonstrating world leadership in environmentally sustainable business practices,” Lloyd-Hurwitz said.
As part of the deal, Mirvac will deliver further enhancements to the asset including a new ground plane with a revitalised retail offering, re-orientation of the entrance, an upgrade and expansion of the formal lobby and creation of an informal lobby.
Australian Property Journal
