Monday, 20 July 2009 09:24 realestatesource.com.au
WESFARMERS owned insurance and financial services provider OAMPS has leased the last chunk of office space, in a distinctive new Becton building opposite the Treasury Gardens on the city’s eastern fringe.
OAMPS will lease 2,568 square metres of high end office space at 289 Wellington Parade South, in East Melbourne, relocating from an office at 176 Wellington Parade nearby.
Engineering consulting firm Irwinconsult has leased 1,868 square metres and will relocate from Southbank.
Becton occupies the remaining 1,100 square metres of the 5,500 square metre building as its headquarters, recently relocating from its long-time St Kilda Road home.
Savills director Phil Cullity is understood to have represented OAMPS, but declined to comment on any part of a deal when contacted by The Age.
Becton quietly put the office building on the market this week, with an anticipated sale price of about $30 million.
“As much as we would love to retain the asset in house the focus of the Becton Office Fund is to reduce its current debt levels, and in a market like this, the best assets are the ones that sell,” Becton chief executive officer Matthew Chun told The Age.
Knight Frank was leasing agent for the building, and is now marketing it for sale.
BEC Price at posting:
$27.00 Sentiment: None Disclosure: Not Held
