Melbourne, 8 July 2013- Assetic has relocated from the city fringe to the Melbourne CBD after negotiating a 660sqm lease at 257 Collins Street.
CBRE’s Adam Calleja and Mark Bolis brokered the four-year direct lease agreement with building landlord Hallmarc, in conjunction with Cushman & Wakefield’s Gordon Wyllie acting on behalf of the Sub-Lessor.
This transaction resulted from the marketing of a sub-lease with the appropriate incentive being provided by the exiting tenant to make way for the incoming occupier.
Assetic is an Australian company that provides asset management software and implementation, training, support and maintenance services to local government and other major infrastructure organisations.
Mr Calleja said the attraction for Assetic in securing a floor at 257 Collins Street had been the building’s central location, existing fit out in place, as well as the market incentives on offer in the CBD, which had made it more feasible for city fringe tenants such as Assetic to consider city alternatives.
“Locating in the CBD was a key driver for Assetic in terms of attracting and retaining good staff,” Mr Calleja said.
He added; “The timing is right at present for city fringe tenants seeking a CBD location at reasonable pricing and terms. Space that includes a quality fit-out is particularly attractive, with this type of space typically leasing a lot quicker than non-fitted out office space or offices featuring an outdated fit out.”
This was particularly apparent, Mr Calleja said, in the brokerage end of the market (100sqm to 1000sqm) and landlords who were prepared to meet the market with reasonable incentives and provide space that presented well, ideally with a quality fit out in place.
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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.