Melbourne

New lease commitments at Melbourne's Caribbean Park

Securinvest Financial Group and Melbourne-based not-for-profit MOIRA have committed to lease a combined 1,900sqm of office space at Melbourne’s Caribbean Park.

16 Apr 2019

Securinvest Financial Group and Melbourne-based not-for-profit MOIRA have committed to lease a combined 1,900sqm of office space at Melbourne’s  Caribbean Park.

The deals have been signed amid pent-up demand for opportunities at the award-winning Scoresby business precinct – the largest outside of the Melbourne CBD. 

CBRE’s Elise Betts and Gianni Macdonald negotiated the deals, the largest of which involves MOIRA signing a 1,150sqm, seven-year lease deal.

Securinvest has meanwhile committed to merge its three existing suburban offices into 750qm of space at Caribbean Park under an eight-year lease agreement. 

Ms Betts noted that the quality of the office accommodation and the park’s amenity, including a gym, childcare facility, manicured gardens, ornamental ponds, running and bike tracks, had been key tenant draw cards, with further lease commitments expected to be announced over the coming months.

The deals have been signed as construction continues on Stage 3 of the Caribbean Park office precinct. Some 50% of the space has pre-committed, six months ahead of practical completion.

This includes a commitment from Toyota Finance to move from its existing space at Caribbean Park to larger offices in Stage 3 under a new 10-year deal.

Stage 3 provides a lettable area of almost 17,000sqm across two buildings in addition to an integrated, multi-deck car park and a ground floor retail environment.

The master-planned office precinct complements 200,000+sqm of existing industrial and logistics space at Caribbean Park, alongside the iconic Caribbean Market, open spaces, landscaping and a lake.For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

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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 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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.