Investa secures Telstra lease at 400 George Street for 10 years
Investa Group Executive Campbell Hanan said; "We are extremely pleased that Telstra has decided to commit to a further ten year term at 400 George Street. The deal underlines the strong relationship between Investa and Telstra, which remains the major tenant in the wider Investa portfolio."
Telstra Property Director Vito Chiodo said: "The 400 George Street office building is an important part of Telstra's presence in Sydney and we are pleased to have secured our long-term position in this prominent
location."
Under the new agreements Telstra will occupy 23,631 m2 between levels 2 and 15 of the building from January 2008. Telstra previously occupied office space in the building under four separate leases.
The office building at 400 George Street comprises A grade office space and a retail development extending from George Street through to the Pitt Street Mall, in the Midtown precinct of the Sydney CBD. Improvements include two basement levels, high quality retailing premises at ground level known as "Sydney Arcade" and 29 upper levels of office space.
In addition to Telstra other tenants include APRA, Jones Lang Lasalle and Societe General.
For further information, please contact Campbell Hanan on (02) 8226 9434