16 October

NBN takes up space at 100 Mount Street, North Sydney

Dexus and Dexus Wholesale Property Fund, joint owners of 100 Mount Street, North Sydney, today announced the first major leasing deal since construction commenced in July 2016.

NBN has leased 20,364 square metres, representing 48% of the building, and is consolidating its office space from various locations across Sydney. NBN joins Laing O’Rourke, the building’s anchor tenant, taking pre-commitment to 60% prior to the completion of construction which is expected to be achieved in early 2019.

Dexus CEO, Darren Steinberg said: “We are pleased to have enabled NBN to consolidate from multiple Sydney and North Sydney locations into one, and meet the needs of an innovative and growing group through incorporating smart building technology in our newest Dexus Workspace.”

Kevin George, Executive General Manager, Office & Industrial said: “The dynamics of the North Sydney market will continue to improve through the delivery of new transport infrastructure and public amenity. 100 Mount Street is attracting good interest from high calibre customers looking to either upgrade or expand as the vacancy rate continues to decline towards 6.9% in North Sydney and 4.1% in the Sydney CBD.”

100 Mount Street, North Sydney is a 35-level latest generation office tower development spanning 42,134 square metres, offering sweeping views over Sydney Harbour towards the Sydney CBD. The building will feature high levels of customer amenity including end-of-trip facilities, concierge, and smart building connectivity designed to provide customers with flexibility. The development will target 5 star Green Star and 5 star NABERS Energy ratings.