BRIEFS

The article lists multiple recent Sydney commercial leases: Form & Facade Cosmetics leased a 202.3 sq m office at 59-75 Grafton Street, Bondi Junction (five years + five-year option) from Clygen; The Smarter Group leased an 82 sq m suite at 66 Berry Street, North Sydney (two years) from a private investor; Essential Utilities Corporation leased a 265 sq m office at 66 Berry Street, North Sydney (five years) from a private investor; Riedel Communications leased a 594 sq m office/warehouse unit at 2/38 Morley Avenue, Rosebery (three years + one-year option) from Kubis Rosebery; Healthe Care leased a 721 sq m site (level 13 + mezzanine) at 160 Sussex Street, Sydney (five years + five-year option) from Asia Pacific Investment T2; and Ultimate Venue Productions leased a 48 sq m office at 82 Mary Ann Street, Ultimo (one year + one-year option) from Tom Powers.

The largest lease reported was Healthe Care’s 721 sq m site at level 13 and mezzanine, 160 Sussex Street in Sydney. The tenant leased the space from Asia Pacific Investment T2 on a five-year term plus a five-year option.

Several leases in the report include multi-year terms and options: examples are five-year terms with five-year options (Form & Facade Cosmetics and Healthe Care), a three-year term with a one-year option (Riedel Communications), one-year terms with one-year options (Ultimate Venue Productions), and shorter fixed terms such as two years (The Smarter Group).

Shorter-term leases in the update include The Smarter Group’s two-year lease for an 82 sq m suite at 66 Berry Street and Ultimate Venue Productions’ one-year lease (with a one-year option) for a 48 sq m office at 82 Mary Ann Street.

Landlords and property owners named in the article include Clygen (owner of the Bondi Junction property), a private investor (owner of the 66 Berry Street North Sydney suites), Kubis Rosebery (owner of 2/38 Morley Avenue, Rosebery), Asia Pacific Investment T2 (owner of 160 Sussex Street, Sydney) and Tom Powers (owner of the Ultimo site).

Brokers and agents cited in the article are David Canelas and Steven Krulis (Real Estate Consultants) for the Bondi Junction lease; Lana Asscher (Aspace Estate Agents) for The Smarter Group; Lisa Treble (Colliers International) for Essential Utilities Corporation; Fallon Leek (Billicorp) for Riedel Communications; Grant Bulpett (MMJ Sydney) for Healthe Care; and Andrew Cook (Taylor Nicholas North Shore) for Ultimate Venue Productions.

The report covers a range of commercial property types: office suites (e.g., Bondi Junction, North Sydney, Ultimo), an office/warehouse unit (Riedel Communications in Rosebery), and a multi-level site with mezzanine (Healthe Care at 160 Sussex Street, Sydney).

The article invites email submissions for the leasing ladder; you can send leasing details to ccummins@fairfaxmedia.com.au.