The GPT Group last week celebrated the start of construction of its 15,700 square metre office development at 4 Murray Rose Avenue, Sydney Olympic Park, which will house the new headquarters for the NSW Rural Fire Service (RFS) from late 2018. The five storey campus office building is the third site to be developed by […]
GPT Group purchases Parramatta CBD site for $31.2 million
The GPT Group today announced its purchase of a site on the corner of Smith and Phillip Streets in the heart of Parramatta’s CBD, in Sydney’s West, for $31.2 million. The site, which has the potential to accommodate a 26,000 square metre prime office tower, represents GPT’s first investment in the Parramatta CBD office market. […]
Sydney market tipped for strong recovery
Sydney is tipped to be the best performing global city for premium office rental growth in 2016, according the real estate services firm JLL. “Statistically we believe that Sydney in fact is projected to record the strongest rental growth in 2016 with Tokyo a little way behind,’’ JLL Director of Global Research Jeremy Kelly told […]
Sydney’s white-collar riding boom
Sydney is often cited as one of the world’s less friendly cities for cyclists. Often singled out for its impatient motorists and lack of bike lanes, Australia’s largest city is far from cycling paradise. Despite these challenges, a record number of commuters are now travelling to work by bike in Sydney. Between 2006 and 2011, the […]
Office basements get luxury workout
Office buildings are on a health kick. With environmental ratings now well established across the office sector, buildings are now being measured on how they promote good health among their occupants. This is a result of the growing trend for companies to encourage white collar workers to adopt less sedentary lifestyles. With the long-term health […]
More small pieces in CBD office jigsaw
The surge in smaller tenants looking for prime CBD office space shows little sign of easing. Figures recently released by the Property Council show that for the first six months of the year, around half of the net absorption of prime office space in Sydney’s CBD was made up by deals for less than 1000 […]
Tech influx reshapes Sydney CBD
As the list of the world’s top multinationals becomes increasingly populated by technology firms, so too are the skylines of the world’s major business centres. Sydney is no exception to this trend, with technology firms now more interested than ever before in being located in or around the city’s CBD. Reversing the trend of many […]