Investa

Investa signs lease with IBS in Macquarie Park

Investa has leased 1,017m2 of office space at 12 Waterloo Road, Macquarie Park to IBS Australia, in Macquarie Park’s largest leasing transaction signed so far in 2009.

IBS Australia has leased the entire level 3 on a new 4 year lease, with a 1 May 2009 lease commencement date. IBS, International Business Systems, is a leading provider of specialised business solutions that optimize and increase the efficiency of the entire supply chain.

Investa is a dominant participant in the Macquarie Park office market, owning over 51,000m2 across 7 properties (including 2, 5, 6 and 7 Eden Park Drive, and 9, 12 and 23 Waterloo Road) and owns these properties either directly or though managed funds.

The leasing deal with IBS Australia follows leasing deals Investa has signed with the Department of Education, Employment and Workplace Relations (DEWR), CA, Du Pont and Nobel Biocare at Investa’s successful Eden Park Drive office development.

Investa’s Head of Asset Management NSW, Tom Simurina comments: “This leasing deal supports Investa’s confidence in Sydney’s Macquarie Park office market as IBS join a number of other leading companies who have recently moved to this location.”

“The opening of the Epping to Chatswood rail link and the Macquarie Park Railway Station earlier this year provides further reasons why North Ryde is an attractive option for tenants” said Simurina.

Viviane Akkary HR Director of IBS confirmed: ”The location of the property in near proximity to the newly opened Macquarie Park station, and moving to premises with a brand new fitout, were two key considerations in the decision to move”.

Mark Martin of Colliers International North Sydney, who brokered the transaction, notes: “there had been a flurry of leasing enquiry in January and February and some of this is now coming through in the form of signed leases.”

Mr Martin commented that “there is increased enquiry in the suburb, particularly from City based occupiers, who are considering decentralising given the substantially cheaper lease costs”.


For further information contact:
Investa Property Group
General Manager – Marketing, Katie Barton-Harvey
on 02 8226 9391 or 0427 234 862, kbarton-harvey@investa.com.au


About Investa
Investa is one of Australia’s largest unlisted owners of commercial real estate. Headquartered in Sydney, Investa has management and development offices in Melbourne, Brisbane and Perth.

Since its inception in 2000, Investa has grown to control real estate assets of approximately AU$8.5 billion. In September 2007, Investa was purchased by funds managed by Morgan Stanley Real Estate (MSRE) and delisted from the Australian Securities Exchange.

Prior to its delisting as a public company in 2007, Investa was rated number one on the Dow Jones Sustainability World Index (DJSI World) in both the real estate sector and the financial services super-sector. Investa was one of only three Australian companies included in the Global 100 (G100) list of sustainable corporations announced at the 2007 World Economic Forum in Davos. In 2008, Investa won Australia’s most prestigious prize for addressing climate change, the Banksia Climate Change Award.


Investa has proven experience in three key business areas:

· Commercial Office Group
Investa boasts a fully integrated commercial real estate business. Investa buys, sells, owns, develops and manages high-quality office buildings in premier locations in Australia’s capitals. This end-to-end business model gives Investa the ability to ensure optimum quality and performance of its properties and its property services.

· Funds Management
Investa manages a range of wholesale and retail funds on behalf of over 4,000 clients, who encompass institutions, superannuation funds, industry funds and retail investors. Funds under management are approximately AU$2.2 billion.

· Land Development
Investa undertakes commercial, industrial and residential development in select locations across Australia. Investa’s residential land developments encompass broad-acre subdivisions in New South Wales, Victoria, Queensland and Western Australia. Investa has a commercial, industrial and residential development pipeline with an estimated end value in excess of AU$4.3 billion.