Sydney, 13 May 2015 – The Mortgage & Finance Association of Australia has leased an office property on Pitt Street to accommodate its Sydney operations.
Located on level nine of 130 Pitt Street, the 381sqm suite layout provides excellent natural light.
CBRE’s Jamie King negotiated the five-year term on behalf of lessor, Investa Funds Management. The annual rental is $760 per sqm gross.
Mr King said the landlord, together with the incoming and outgoing tenants, worked strategically and in a collegiate manner to achieve a beneficial outcome for all three parties.
He added: “The tenant was attracted to the property’s sought after CBD location and modern fitout, which worked perfectly with only minor modification.”
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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 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 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 at www.cbre.com.