30 Jan 2018

RMIT takes up space at 222 Lonsdale Street Melbourne

30 January 2018

RMIT takes up space at 222 Lonsdale Street, Melbourne

Dexus today announced a major leasing deal with RMIT University (RMIT) at 222 Lonsdale Street, Melbourne.

RMIT has leased 10,634 square metres across levels 5, 6 and 7 for a 15-year term, to commence from March 2020. As part of the deal, Dexus will undertake a program of works to upgrade the premises including refurbishment of amenities and fit-out, base building and lobby improvements, and new end-of-trip facilities.

This lease was secured 18 months ahead of the lease expiry for the current tenant, Sensis, in July 2019.

222 Lonsdale Street is an ideal location for RMIT’s administration office requirements, being located close to the main RMIT campus facilities across the northern CBD precinct. The building is close to underground rail, including the new Metro Rail currently under construction, and accessible to a major tram route that links surrounding RMIT locations. With large campus-style floor space and access to onsite amenity including childcare, a gymnasium, a medical centre and the retail offer at QV Melbourne, the complex is one of Melbourne’s unique office and retail destinations.

Dexus Head of Office Portfolio, Ellie Schwab said: “We are pleased to expand our customer relationship with RMIT, and satisfy the needs of a leader in the education sector by delivering a new head office location for their administrative operations.

“Customer demand from the education sector is strong as Melbourne’s status as the most liveable city in Australia and relative affordability compared to Sydney continues to attract local and international students.”

RMIT Executive Director Property Services, Chris Hewison said: “RMIT is committed to empowering our staff to achieve greater impact and to sustainably managing our resources for long-term value. The new lease at 222 Lonsdale St will enable the University to bring together key teams in our Operations Portfolio into one office location, encouraging collaboration and strengthening how we work across business units.”


Dexus Investor

Rowena Causley

Head of Listed Investor Relations

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