Melbourne

Growth leads Zenitas to strike new St Kilda Road lease

The ASX-listed Zenitas Healthcare will relocate to 417 St Kilda Road after finalising a 1,600sqm lease agreement.

18 Jul 2018

The ASX-listed Zenitas Healthcare will relocate to 417 St Kilda Road after finalising a 1,600sqm lease agreement.

The fast-growing, community-based healthcare provider will occupy all of level 9 and part of level 4 in the building totaling approximately 1,600sqm.

The five-year lease deal was negotiated by CBRE’s Anthony Park.

It delivers additional space to Zenitas following several recent acquisitions and presents a step-up in office quality for the group, which is relocating from a nearby B-grade building to the A-grade 417 St Kilda Road tower.

Mr Park said the deal highlighted the continued strength of the St Kilda Road market and the ability to retain tenants in the precinct despite the impact of the Metro Tunnel works.

“Tenants are looking beyond the short to medium term impact of road closures and detours   that are being caused by these works and are instead focused on the future transport amenity and value this will create in the precinct,” Mr Park said.

The Zenitas deal is the latest for 417 St Kilda Road, with Gilead Science having recently renewed its 1,100sqm lease.
 
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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.

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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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 https://www.cbre.com.