Sydney, 01 December 2014 –Boutique childcare centre Mary’s Kindy has secured a new lease in 28 O’Connell Street.
The centre will be housed on level 1, comprising a space of 355sqm. The building itself occupies a high profile corner site with a dual entrance, which was attractive to the centre’s operators.
CBRE’s Jamie King negotiated the deal on behalf of the landlord ACE Insurance Limited, for a long term lease of 10 years plus options. Mr King said this appealed to the landlord given the fact that only short term tenures had been previously secured for the space. The gross rent per annum will be $650/sqm.
Mr King said the landlord had also appreciated the holistic benefits the new tenant provided, with ACE Insurance Limited set to receive ongoing priority placement for its staff, as well as all other tenants in the building, during the lease tenure.
“O'Connell Street provided the perfect location for the centre, nestled in the finance hub of the CBD, with the floor plan allowing for innovative and specific fit-out to cater for young children,” Mr King said.
Mary’s Kindy currently operates one other centre in Sydney’s inner west, and is the only boutique centre in Sydney to cater for a strictly limited number of children, 21 in the specific age group of zero to two year olds. Mary’s is set to open a second CBD centre within the next two years, as well as a second centre in Sydney’s inner west.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website atwww.cbre.com.au.