100 Arthur Street, North Sydney
Challenge
Re-positioning and leasing of a large amount of vacant office space with minimal downtime and strong covenants.
Strategy
- Promote the building upgrades and major improvements including the Co-Lab third space, full time concierge, foyer upgrades and the end-of-trip and wellness facilities
- Target occupiers looking to upgrade their office space and provide their staff with a prime workplace to improve retention and attraction
- Target occupiers from locations outside of North Sydney as an excellent alternative to their current location.
Result
- Transacted with four tenants in the month of June 2021 alone
- Totalling nearly 3,000 sqm in the A grade building
- Rents achieve ranged from $720/sqm to $850sqm
- Attracted occupiers from locations outside of North Sydney including the CBD fringe
Testimonial
“Dan Walker and Michael Arcus continue to provide us with a great level of service and a dedication to delivering results on our behalf at 100 Arthur Street, North Sydney. It has come as no surprise that they have been able to achieve some outstanding results, having leased nearly 3,000sqm in the month of June alone. They are a pleasure to work with and I look forward to the Colliers and CLA Real Estate partnership growing into the future.”
Yean Cheng
Vice President, Asset & Investment Management
CLA Real Estate
