07 Oct 2020

New lease at 180 Flinders Street Melbourne defies recessionary market

New lease at 180 Flinders Street, Melbourne defies recessionary market

Financial services firm, Netwealth, has been secured as the newest customer at 180 Flinders Street, Melbourne, relocating to larger premises in the Dexus portfolio.

Netwealth has signed a Heads of Agreement for 10 years across circa 2,700 square metres at Dexus’s new development at 180 Flinders Street. Netwealth joins John Holland, flexible workspace firm Hub Australia, Cox Architects and SXIQ, increasing committed space from 72% at 30 June 2020 to 81%.

180 Flinders Street is a landmark new development conveniently located opposite Flinders Street Station. The property comprises circa 20,300 square metres of prime office space and vibrant laneway retail amenity. A new 10-storey A-Grade office tower at 180 Flinders Street incorporating restoration of the heritage façade, coupled with an extensive refurbishment of 189 Flinders Lane will accommodate Netwealth’s office requirements.

Patrick Stronell, Victorian General Manager, Office Leasing at Dexus, said: “We are pleased to be able to facilitate Netwealth’s growth by relocating them within our portfolio. This transaction is an example of a successful business taking a longer-term view and positioning themselves for growth post the pandemic period.”

Netwealth Managing Director, Michael Heine, said: “Netwealth’s continued growth and focus on innovation means moving into 180 Flinders Street will provide an outstanding opportunity to create a workspace meeting the post COVID-19 needs of our staff. We have designed a flexible workspace providing for an agile, connected and collaborative environment. 180 Flinders Street is a unique building that seamlessly blends the past with the future and perfectly meets our future needs. We are delighted to have finalised this transaction with Dexus.”



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