Office Tenants

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190 St Georges Terrace has retained one of its largest sub-lease tenants, with ATI Solutions signing onto a new direct lease on level five of the office tower.
The technology company previously subleased the 450sqm space following global design and delivery firm Stantec’s departure 2.5 years ago.
CBRE’s Lachlan Lewis negotiated the new three-year lease deal for a rental in the vicinity of $650 per square metre and market level incentive.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/9/190StGeorgesTce_23.jpg" alt="">
“This was an excellent outcome for the building owners to have what was a large potential vacancy re-leased with nil downtime on rental cashflow,” Lewis said.
“ATI Solutions looked at competing buildings but the lessor’s commitment to deliver the turn key fit out solution and the financial outcome was compelling. 
"The major capital spent recently on the building lobby, glass entry and new end-of-trip were also key drawcards cementing ATI’s decision to stay at 190 St Georges Terrace.” 
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190 St Georges Terrace retains key tenant

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The Minister for Industrial Relations Christian Porter has reportedly intervened to ensure the workplace safety watchdog dumped strict rules on social distancing in lifts.
Porter feared long and costly bottlenecks would occur in office towers as the country goes back to work.
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It is claimed the revised Safe Work Australia guidelines were released were safe, but practical.
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Porter said he had raised the issue with the agency, but it was a matter for Safe Work to rule on, Nine Entertainment's AFR reported.
"Ultimately it is a matter for Safe Work Australia to determine the appropriate guidance to provide to industry. Neither the government, nor I as minister, can change that guidance."
<div class="_1bH_l" data-experiment-target="relatedStory">"I’m advised that the chief health officers from all states and territories reported that they were comfortable with the updated advice."</div>
The agency reversed its guidelines on Wednesday.
Workers in lifts should still maintain their distance and avoid touching other people in lifts, a Safe Work Australia spokeswoman said on Thursday.
"If a lift is full based on the advised passenger limits, workers should wait for the next lift," she said.
"If they need to cough or sneeze during a lift journey they must do so into their arm or a clean tissue. They should wash their hands, or where this is not possible, use appropriate hand sanitiser, after exiting the lift, particularly if they touched lift buttons, rails or doors, and not attend work if they are unwell."
It has been previously reported physical distancing rules could force workers in Australia Square Tower to wait as long as three hours to get up and down the landmark building at the start and end of the day, as the 1.5-metre requirement allows no more than two people in its lifts at the same time.
 
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Safe Work Australia dumps 1.5m social distancing for office lifts

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Insurance group Chubb Insurance, brokerage and investment group CLSA and global design agency Unispace, have leased a combined total of 4,019 sqm in Sydney's Grosvenor Place.
Approximately 11,000 square metres of space has been leased at Grosvenor Place in the last six months, with the building’s occupancy rate at 95 percent.
Grosvenor Place Executive Director, John Derrick said securing such high-calibre tenants to Grosvenor Place underscores the building’s premium quality, large efficient floor plates, excellent natural light and views, and its prime harbourside location.
 
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Sydney's Grosvenor Place signs up three new tenants

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Colliers International and Cadigal Leasing have backfilled 6,000 sqm of office space in Chatswood, as vacancy rates in the area continue to decline.
The office tower at <a href="https://www.realcommercial.com.au/property-offices-nsw-chatswood-500228557" target="_blank">475 Victoria Ave Chatswood</a>, owned by Cromwell Property Group has been one of the most recent buildings to benefit from the lack of good quality stock on the North Shore.   
Lisa Treble, director of office leasing at Colliers International and Marcus Pratley of Cadigal office leasing, have successfully back filled the 6,000 sqm vacancy left by Leightons following their move to North Sydney.
The space has been filled with tenants including Pronovate, Filtered Media, Trend Wealth and Venita with rents of $535 per square meter net.
The leasing agents said “Chatswood is seen by tenants on the North Shore as a great business hub where there is no disruption on the streets from developments. Tenants are drawn to this location as it is well equipped with the large retail precinct so close to the CBD core.”
Chatswood will continue to attract tenants whilst the surrounding office markets are continuing to undergo major developments. A large take up of office space from tenants will likely cause vacancy rates in the area to drop once again.
Chatswood will benefit greatly from the new Metro Rail line with the Chatswood to Rouse Hill section due to open 2019. This Metro station is the only one which has a direct access to the Train line without having to leave the immediate station to cross over with different transport links.
Chatswood also benefits from the large parking ratios and ease to get in and out of with it being such central catchment area for staff.
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