Sydney’s office leasing market is showing its resilience with some major tenants on the move.
Investa this week announced a number of important leasing transactions in its CBD buildings; Sixty Martin Place, co-owned with Gwynvill, and Deutsche Bank Place, 126 Phillip Street, Sydney.
Sixty Martin Place, the premium asset completed by the Investa-Gwynvill joint venture in September 2019, is almost fully occupied with tenants settling into their new work home over the last 12 months.
Demonstrating that there are still leasing deals to be done in the current market, Investa’s leasing team in conjunction with Sarah Ballhausen of SB Property Consulting have finalised a number of recent deals at Sixty Martin Place and Deutsche Bank Place.
Leading global diversified financial services firm, Jefferies (Australia) have moved in to 958 m2 on Level 22.
Joining Jefferies on Level 22 is Asian focussed financial services group, PAG Australia.
Recently Sixty Martin Place also welcomed Mercury Private Wealth Management, occupying Level 17 alongside internationally acclaimed investment firm, Fidelity International.
Michael Cook, Investa’s Group Executive Property commented: “There is no question that business conditions are tough, however, there is still life in the market. Many businesses are adapting well to this unprecedented environment, some are bunkering down, while others are preparing for a new post-COVID world”.
Only one tenancy now remains available for lease at Sixty Martin Place.
Elsewhere at Investa’s award-winning Foster designed building, Deutsche Bank Place, leading global specialist law firm, HFW has taken an entire floor of 1,444m2.
Mr Cook explained that Investa remains fully focussed on ensuring the balance of the portfolio is running at optimum levels, given the current unprecedented circumstances.
“Leasing office buildings is even more challenging today than in the GFC, but there is always demand for good quality space in well managed buildings,” he added.
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