Bank of Queensland signs lease in Sydney CBD
JLL negotiates 5,800 of office space in Sydney on behalf of AMP Capital- one of the largest brokerage deals to take place in 2021
SYDNEY 06 April 2021 – JLL has transacted one of the largest brokerage deals to take place in 2021, with Bank of Queensland Group (BOQ), reflecting business confidence in the Sydney CBD office market particularly for high quality space in prime grade buildings. BOQ’s move also reflects a growing number of larger corporates who understand the important role workspaces play in employee engagement, productivity and future growth.
AMP Capital has announced that BOQ has signed a lease for nearly 5,800 square metres over a 10-year term at landmark office building 255 George Street in Sydney.
JLL’s Director of Office Leasing (NSW), Justin Hayes said, “This deal indicates confidence in the tenant/landlord market. It shows that businesses are adapting to the changing conditions and see the importance of prime accommodation to get staff back into the office.”
“BOQ highlighted the upgraded building amenity, in particular its leading sustainability credentials and EOT as key factors in securing 255 George Street as their new Sydney office. AMP have provided the perfect platform by understanding what tenants require from office space.”
“This brokerage deal was challenging on a lot of fronts with the unprecedented market conditions of 2020, and this is a great result for BOQ/AMP and provides a strong base for deals moving forward in 255 George Street and the CBD market."
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.