190 St Georges Terrace has retained one of its largest sub-lease tenants, with ATI Solutions signing onto a new direct lease on level five of the office tower.
The technology company previously subleased the 450sqm space following global design and delivery firm Stantec’s departure 2.5 years ago.
CBRE’s Lachlan Lewis negotiated the new three-year lease deal for a rental in the vicinity of $650 per square metre and market level incentive.
“This was an excellent outcome for the building owners to have what was a large potential vacancy re-leased with nil downtime on rental cashflow,” Mr Lewis said.
“ATI Solutions looked at competing buildings but the lessor’s commitment to deliver the turn key fit out solution and the financial outcome was compelling. The major capital spent recently on the building lobby, glass entry and new end-of-trip were also key drawcards cementing ATI’s decision to stay at 190 St Georges Terrace.”
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CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.