Westpac Enter into New Lease at 275 Kent Street, Sydney

Mirvac Group and an affiliate of Blackstone Real Estate Asia, co-owners of 275 Kent Street, Sydney, are pleased to announce that they have finalised documentation and entered into an agreement for lease with leading Australian bank and financial services provider, Westpac.

Extending Westpac’s commitment as majority tenant of the tower until 2030, Westpac has secured 58,500 square metres across levels 1 to 23 of the 32 level premium grade tower for a 12-year term, commencing November 2018.

Mirvac’s CEO and Managing Director, Ms Susan Lloyd-Hurwitz, commented, “I am delighted we have been able grow our relationship with Westpac and secure their long-term commitment at 275 Kent Street in Sydney. Demonstrating the significant value we place on our customer relationships, our team has worked closely with Westpac for a number of months to better understand their priorities and create a sustainable world-class environment that enhances the lives of those who work there.

“Westpac will benefit from a close proximity to the soon-to-be-enhanced Wynyard Walk and the Barangaroo development, with 275 Kent Street set to become a prominent anchor building in this emerging western corridor of the Sydney CBD.

“In addition, 275 Kent Street has recently been awarded a 6 Star Green Star Performance v1 certified rating, one of just two buildings in Australia to achieve this, demonstrating world leadership in environmentally sustainable business practices,” said Ms Lloyd-Hurwitz.

Mirvac will utilise its in-house development, construction and asset management expertise to deliver further enhancements to the premium grade asset. The centrepiece of the enhancement works is a new ground plane with a revitalised retail offering, re-orientation of the entrance sympathetic to Wynyard Walk, an upgrade and expansion of the formal lobby and creation of an informal lobby on Kent Street to provide a contemporary and flexible space to do business.