Sydney, 02 June 2015 – US based software specialist Marketo Inc is marking its position in the Australian market after recently leasing a whole floor in the Sydney CBD to accommodate its expanding operations.
Located on level 12, 50 Pitt Street, the 599sqm property will house Marketo’s head office operations in Australia.
CBRE’s Stuart McSorley and Tim Courtnall negotiated the three-year lease on behalf of CIMB-TCA Australia. The rental is $697 net per square metre.
“This property will support Marketo’s operational growth in Australia over the next three years,” Mr McSorley said.
Mr Courtnall went on to say the transaction was evidence of the growing demand from US firms looking for office space in the Sydney CBD.
“There has been a significant upturn in leasing activity from US firms in Sydney, including Hubspot, Instructure and Docusign, all of which are looking to expand their footprint in the New South Wales capital,” Mr Courtnall explained.
“In particular, these firms are eager to be situated in the CBD, where they are close to key transport hubs and good amenity for their employees. Global companies such as these are looking to provide a good platform for their business where they can attract and retain highly skilled employees.”
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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.
