Melbourne, 08 December 2015 – Fast growing product development firm Hydrix is preparing to relocate to Mulgrave after leasing a stand-alone office building in Compark Circuit.
CBRE’s Elise Betts and Gianni MacDonald negotiated the 2,600sqm lease, which will provide Hydrix with fully fitted out coporate headquarters in one of Mulgrave’s most recognised business parks.
Hydrix will occupy the entire building, which is situated at 30-32 Compark Circuit.
CBRE negotiated the 10-year lease on behalf of the long-time private owner at a net rent of $260 a square metre.
“The opportunity to secure their own building, with a high quality fit out, was a key attraction for Hydrix,” Ms Betts.
“They had outgrown their existing space at Carnegie and were focused on moving to higher quality office accommodation that would appeal to their predominantly younger workforce.”
Hydrix has also secured branding rights to the two level building, which includes a basement car park.
Ms Betts said the existing fit out included a reception area, management offices, board rooms, break out / kitchen areas and workstations throughout.
The building will accommodate the continued expansion of Hydrix – a design house which specialises in the provision of product development services.
Since its formation in 2002, Hydrix has built a highly regarded team specialising in the medical & scientific; industrial & mining; and business technology sectors.
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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 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.