Brookfield Place Sydney secures Moelis Australia in CBD lease deal

ASX-listed financial services group joins blue-chip tenants at $2 billion Wynyard tower

SYDNEY, 2 March 2021 — Just months from completion, Brookfield Place Sydney has secured another major blue-chip tenancy with the signing of respected financial services group, Moelis Australia, to nearly 4,000 sqm of Premium Grade space.

The $2 billion development will shortly welcome anchor tenants NAB, Allianz, Brookfield and Hub as builder Multiplex adds the finishing touches to Brookfield Properties’ city-changing project.

Moelis Australia is an ASX-listed financial services group specialising in asset management, corporate advisory and equities. It will take over 3,800 sqm of space and occupy Levels 26 and 27, as well as part of Level 25 in the main office tower. Moelis Australia has agreed to a seven-year lease term, commencing February 2022.

Moelis Australia has a team of over 200 working in Sydney, Melbourne, Shanghai and London.  The firm manages more than $5.4 billion of assets on behalf of third-party investors in addition to advising on transactions worth over $110 billion.

Carl Schibrowski, Executive Vice President & Co-Head of Brookfield Properties said: “When we started the development process for Brookfield Place over eight years ago we set out to develop a project that would make a significant contribution to the existing cityscape at the center of the Sydney CBD and that displayed premium tenant facilities, outstanding amenity and leading sustainability credentials.

“When you look at the quality of the commercial tenants we have been able to attract, it’s clear to see we have hit all of those benchmarks we set for ourselves. Prior to completion, we have now committed over 90% of the available area and we have some great prospects for the remaining space.

“While COVID has impacted some economic activity, we continue to see good demand for high quality space right across Australia.”

Moelis Australia Joint-CEO, Julian Biggins, said: “In searching for our next Sydney headquarters, we were focused on finding a state-of-the-art building that demonstrated our desire to provide a market-leading level of amenity and well-being to our people who are critical to our entrepreneurial growth culture. Brookfield Place delivered on this requirement with its sustainability, building standards, open-plan design and central location making us very excited to call Brookfield Place our Sydney home in the future.”

Brookfield Place is the premium brandmark awarded by Brookfield to a select group of best-in-class, large commercial property precincts globally that deliver on a strict range of criteria including outstanding transport connections, state-of-the-art building systems, premium workspaces, high level retail amenity, leading sustainability credentials, 24/7 security, amenities for wellness and curated placemaking activities. Only five other Brookfield Places exist in the world with sister assets located in New York, Toronto, Calgary, Dubai and Perth.

Designed in collaboration by Make Architects and Architectus, Brookfield Place Sydney will transform Wynyard into a world-class urban precinct in the heart of Sydney’s CBD.

The project’s centrepiece is PCA Premium Grade commercial tower (10 Carrington Street) with a total net lettable area of 59,000 sqm over 27 levels, offering world-class facilities, amenities and finishes to set a new standard in workplace design.

The development includes the restoration of Shell House and 285 George Street, breathing new life into a historic Sydney landmark. In addition, ~7,000 sqm of high-end retail, a revitalised Wynyard Lane and a major upgrade to Wynyard Station’s George Street entrance has occurred, connecting to a grand transit hall and public concourse.

 

Media Contacts:

Karen Gampenov | The PR Partnership | +61 411 795 131 | karen@prpartnership.com.au

Trish McGee | The PR Partnership | +61 478 056 338 | trish@prpartnership.com.au

 

About Moelis Australia

Moelis Australia is an ASX-listed financial services group specialising in asset management, corporate advisory and equities. Since launching in 2009, Moelis Australia has advised on transactions worth over $110 billion, assisted clients to raise more than $10 billion in equity capital markets, and currently has over $5 billion in assets under management.

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