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News release

Sydney

AECOM signs at 420 George Street – newly-completed 5 Star Green Star office tower in Sydney CBD now 70% leased


SYDNEY, 17 NOVEMBER 2010 – AECOM, a Fortune 500 company and one of the most respected professional technical services providers in the world has signed a 12 year lease in the newly-completed 5 Star Green Star (v2) Office Design rated commercial tower at 420 George Street, Sydney.
 
AECOM will occupy floors 5-8 and 19-22, approximately 10,000 sqm of space, in the building which is co-owned by Fortius Funds Management and the Lend Lease managed Australian Prime Property Fund (APPF) Commercial. 
 
AECOM joins other global tenants – State Street Corporation and Virgin Active Health Clubs.  In February this year, State Street Corporation signed a 10-year lease for floors 10-17 – 10,500 sqm of space.  This was followed in March by Virgin Active Health Clubs signing a lease to build its first Sydney CBD health club.  Virgin Active has committed to 4,500 sqm of space on Levels 2 and 3 of the building.
 
The office tower is now 70% leased to these three blue chip tenants, a strong indication of the quality and environmental attributes of the building.  There is a remaining opportunity for tenants to lease the top nine sky rise floors.
 
The leases were negotiated by Chris Gilbert, Kevin George and Daniel Kernaghan representing the owners.
 
Peter Wyton, an AECOM Managing Director said, “The motivating factor to consolidate our office space from five locations into one central CBD building was to position the firm for growth.  The green credentials of 420 George Street ensure our new premises are consistent with our brand and commitment to sustainability.
 
“At AECOM, we pride ourselves on our commitment to sustainable outcomes and corporate social responsibility on a global scale.  We aim to provide our staff with the best possible work environment to ensure staff retention, while at the same time occupying office space that provides the best possible environmental outcomes.
 
“The workspace within 420 George Street provides the office environment that enables us to realise both these goals,” Mr Wyton said.
 
The 31-storey commercial office tower is the first new build to be completed in Sydney post GFC. It is also the first Sydney CBD office tower to be awarded a 5 Star Green Star (v2) Office Design rating, and has been designed to achieve a 4.5 NABERS Energy rating.
 
The co-owners of 420 George believe the exceptional sustainability credentials of the building are attracting high quality tenants.
 
Ray Sproats, CEO, Fortius Funds Management said, “We are very pleased that industry leaders such as AECOM recognise and have embraced the leading design and new build credentials offered at 420 George.  The revitalisation of the MidCity retail centre and the Pitt Street Mall is proving to be very attractive to commercial tenants.”
 
Carmel Hourigan, Chief Executive Officer of the Lend Lease managed APPF Commercial said, “Environmentally rated buildings not only attract stronger valuations for owners, they are becoming increasingly important for our tenants. Corporations are very aware of the benefits of reducing their carbon footprint and how this helps them attract and retain the best people.
 
“420 George Street’s contemporary design and innovative environmental initiatives have created a building that ensures its long-term viability, and provides an outstanding internal environment for its occupants.”
 
Jones Lang LaSalle’s Australian Head of Leasing, Kevin George said, “This deal is a great fillip for the market.  There are very few quality opportunities for tenants in the Sydney CBD seeking larger blocks of space between 5,000 and 10,000 sqm.   The completion of the building was well timed to tap into the improving office leasing demand with its growing emphasis on sustainability.”
 
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About AECOM
AECOM (NYSE: ACM) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 51,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation and collaborative technical excellence in delivering solutions that enhance and sustain the world’s built, natural and social environments. A Fortune 500 company, AECOM serves clients in more than 100 countries and has annual revenue in excess of $6 billion. More information on AECOM and its services can be found at www.aecom.com 
 

About 420 George Street, Sydney
420 George Street is further evidence of the large scale, sustainable property solutions delivered through Lend Lease’s integrated model. Co-owned by Fortius Funds Management and the Lend Lease managed Australian Prime Property Fund (APPF) Commercial, the project was developed, project managed, designed and constructed by Lend Lease.
 
The building’s green credentials include:
• Maximised floor plate design efficiency through side core design and ‘Cool solar orientation' fully utilising the south facing facade.
• Innovative 30 metre high atrium maximising daylight penetration to floorplate.
• High performance insulating glass reducing building heat loads
• Combined Active Chilled Beam and Low Airflow Low Temperature air conditioning system delivering lower energy consumption, improved indoor air quality, cost efficiency and greater flexibility to tenants.
• Rainwater harvesting and capturing of the fire protection system test water for use in the building landscaping reticulation system and toilet flushing.