Australian Unity deal marks one of Parramatta’s largest office leases of 2016

Sydney, 08 June 2016 – Australian Unity Home Care Services has inked a seven-year lease on an A-grade office in the Parramatta CBD – representing one of the largest office transaction in the western Sydney city for 2016.

CBRE’s Luke Bryant and Stephen Panagiotopoulos negotiated the leasing of the 1,510sqm office space at 56 Station Street – comprising a full floor office spanning 1,103sqm and a ground floor showroom of 406sqm. The office space for the building was marketed for $380 per square metre net.

The Station Street address comprises a refurbished A-grade office building in a central position within the Parramatta CBD.

Mr Bryant said the building’s high quality and opportunity to provide a ground floor presence was paramount to Australian Unity’s decision.

“In addition to offering a high quality space, the proximity to the transport interchange, local services and amenities further substantiated 56 Station Street as a clear front-runner for their accommodation,” Mr Bryant said.

“This property is ideally suited to support the ongoing growth of Australian Unity, following its success winning the NSW tender servicing in-home care services to more than 50,000 clients across the state.”

Mr Bryant said the deal was further evidence of Parramatta’s growing profile as a dual-CBD and business destination.

“The addition of another major national tenant, Australian Unity, demonstrates the positive outlook for Parramatta city, which is further supported by premier services and amenities coinciding with the significant investment currently being injected into the area,” Mr Bryant explained.

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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.