Nine Entertainment Co has announced plans to relocate its Sydney headquarters to North Sydney after striking a historic circa 15,500sqm lease agreement.
Nine has committed to anchor Winten Property Group’s landmark 1 Denison Street office tower, which is scheduled to be completed in early 2020.
CBRE represented Winten in the lease negotiations, which follow last year’s sale of the Channel Nine studios in Willoughby for $147,500,000.
The North Sydney relocation announcement heralds an historic move for the network, which has been broadcasting from its Willoughby site for over 60 years.
The 1 Denison Street development will house Nine’s production, sales and digital operations.
Winten Property Group Development Director Stuart Vaughan said; “The long term lease to Nine, together with the new Metro station and North Sydney Council’s proposed road/pedestrian network upgrade, will entrench 1 Denison as a vibrant new hub for North Sydney and help spur the ongoing revitalisation of the North Sydney office market.
On completion, the 39-storey, 1 Denison Street tower will be the tallest skyscraper in North Sydney.
CBRE Regional Director Mark Lacey said; “Nine’s support of 1 Denison Street and North Sydney in general is a fantastic result. 1 Denison Street will be developed at the new centre of the North Sydney CBD, adjacent to the new Metro train station. We are confident of attracting like-minded tenants to a fantastic new office development boasting large side core floor plates, state of the art services and great amenity.”
The project will incorporate two levels of luxury shopping and restaurants as well as circa 60,000sqm of upper-level office space.
Nine has committed to anchor Winten Property Group’s landmark 1 Denison Street office tower, which is scheduled to be completed in early 2020.
CBRE represented Winten in the lease negotiations, which follow last year’s sale of the Channel Nine studios in Willoughby for $147,500,000.
The North Sydney relocation announcement heralds an historic move for the network, which has been broadcasting from its Willoughby site for over 60 years.
The 1 Denison Street development will house Nine’s production, sales and digital operations.
Winten Property Group Development Director Stuart Vaughan said; “The long term lease to Nine, together with the new Metro station and North Sydney Council’s proposed road/pedestrian network upgrade, will entrench 1 Denison as a vibrant new hub for North Sydney and help spur the ongoing revitalisation of the North Sydney office market.
On completion, the 39-storey, 1 Denison Street tower will be the tallest skyscraper in North Sydney.
CBRE Regional Director Mark Lacey said; “Nine’s support of 1 Denison Street and North Sydney in general is a fantastic result. 1 Denison Street will be developed at the new centre of the North Sydney CBD, adjacent to the new Metro train station. We are confident of attracting like-minded tenants to a fantastic new office development boasting large side core floor plates, state of the art services and great amenity.”
The project will incorporate two levels of luxury shopping and restaurants as well as circa 60,000sqm of upper-level office space.
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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 (based on 2016 revenue). The company has more than 75,000 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.
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 (based on 2016 revenue). The company has more than 75,000 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.
