Canberra, 26 April 2016 – Marcus Clarke Street is emerging as Canberra’s premier corporate address, amid an influx of new tenants on the renowned business strip.
Employee assistance, health and wellbeing provider Davidson Trahaire Corpsych - part of Cover-More Group - is the most recent company to make the move to the revered commercial precinct, inking a five-year lease on level 5 of 60 Marcus Clarke Street.
Rentals in the area range from $400 per square metre - $420 per square metre.
CBRE ACT Office Services Manager Patrick Sammon, who negotiated the lease on behalf of lessor Centuria Property Funds, said the deal was evidence of Marcus Clarke Street’s increasing appeal.
“Following its acquisition of both 60 and 54 Marcus Clarke Street, Centuria Property Funds has been firmly focused on repositioning the assets as Canberra’s premier corporate destination,” Mr Sammon explained.
“Centuria is committed to improving the already quality aesthetics and sense of community for its tenants, having already undertaken improvements to the ground floor foyer and end of trip facilities of both assets.”
Mr Sammon said Davidson Trahaire Corpsych’s move to Marcus Clarke Street was also evidence of a broader flight to quality in the Canberra market.
“Having relocated from the inner south suburb of Deakin, Davidson Trahaire Corpsych’s commitment to one of Canberra’s prime corporate buildings demonstrates the growing trend from businesses looking to upgrade their commercial premises,” Mr Sammon said.
“This represented an outstanding opportunity for the tenant to position itself in one of Canberra’s growing, premier business hubs.”
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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 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 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.
