Sydney, 29 January 2014 – Evolve Tech Pty Ltd has purchased 509sqm of premium office space in Pyrmont for $2.275 million.
Located at 601/55 Miller Street, the fully fitted-out modern property features work stations, glass partitioned offices, meeting rooms and storage. The property also boasts panoramic water and CBD views from three sides.
CBRE’s Daniel O’Brien and Robert Anderson negotiated the deal on behalf of vendor Ranken Group Pty Ltd.
Mr Anderson said there was strong indication that demand for office property was returning from a decent post GFC hiatus.
“We are now receiving very encouraging enquiries from owner occupiers looking to purchase commercial city fringe space,” Mr Anderson said.
“Supply is clearly lower than current demand levels.”
The office property is located in close proximity to light rail, cafes, bars and restaurants.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website atwww.cbre.com.au.