Dexus achieves 95 percent occupancy in North Sydney

Dexus achieves 95 percent occupancy in North Sydney

7 June 2019

Following its $1.5 billion purchase of 80 Collin Street in Melbourne, Dexus has achieved near full occupancy at its new $700 million 100 Mount Street tower in North Sydney, marking the delivery and practical completion of the development.

A total of 12 new customers have been secured across 40,110 square metres at 100 Mount. This takes leased space to 95% as the building reached practical completion, with the last vacant floor under negotiation.

Signed agreements have been reached with NBN Co, Laing O’Rourke, Victory Offices, First Data Resources, Chanel, Nextgen.Net and Glorietta Restaurant and Café.

Dexus Head of Office Leasing, Chris Hynes said: “After years of limited supply, 100 Mount kicks off the next wave of quality office accommodation coming online in North Sydney that is appealing to a more diverse range of tenants who see North Sydney as a viable alternative to the Sydney CBD.”

100 Mount is a new 35-level premium office tower spanning approximately 41,500 square metres. The building occupies one of the best locations in North Sydney on the corner of Mount and Walker Streets, with a third street frontage to Spring Street. The site has prime retail exposure, excellent natural light, harbour views across to the Sydney CBD and is set to benefit from its proximity to the new North Sydney Metro Station currently under construction.

The development is targeting a 5 star Green Star and 5 star NABERS Energy rating, as well as a Shell & Core WELL Gold rating.

100 Mount will feature highly efficient floorplates, a side core, innovative digital art, plug and play tenant wi-fi, premium end of trip facilities and electric car charging stations.

100 Mount is owned by Dexus and Dexus Wholesale Property Fund. The building was developed by Dexus in collaboration with builder, Laing O’Rourke.