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MIRVAC GROUP — Capital/Financing Update 2013
Apr 14, 2013
65328_rns_2013-04-14_94da31cd-e9fb-4cf5-a4d6-b712a414cb49.pdf
Capital/Financing Update
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15 April 2013
QBE signs lease at 8 Chifley
Mirvac Group (”Mirvac”) [ASX: MGR] and Keppel REIT, joint owners of 8 Chifley, are pleased to announce that QBE Insurance Group, one of the world’s top 20 general insurance and reinsurance companies and listed on the ASX, has signed an agreement to lease at 8 Chifley Square in Sydney, NSW.
QBE will occupy approximately 2,800 square metres, taking the premium building to more than 56 per cent pre-committed.
The 10-year lease will cover the top four floors of Sydney’s newest iconic, premium grade tower which is on track for completion in August 2013.
Andrew Butler, Mirvac’s CEO Investment, said, “We are delighted to welcome QBE to 8 Chifley Square. Our ability to develop premium grade commercial buildings of this calibre has led to this new lease and demonstrates the appeal of 8 Chifley for tenants considering high quality, sustainable accommodation with adaptive workplace platforms.”
CEO of Keppel REIT Management, Ms Ng Hsueh Ling, said, “The strategically-located 8 Chifley continues to attract good leasing interest from well-established corporate tenants. We are happy to add QBE to our portfolio of blue-chip tenants. QBE’s long lease term of ten years will lengthen Keppel REIT’s portfolio weighted average lease term.”
Leading law firm Corrs Chambers Westgarth had earlier signed up over 8,000 square metres of space or approximately 42 per cent of the building’s net lettable area for a 12-year term.
ENDS
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About 8 Chifley
8 Chifley is a 34-storey premium grade office building located at the junction of Phillip, Hunter Street and Elizabeth Street in the CBD of Sydney, NSW. The tower will comprise approximately 19,150 square metres of net lettable area.
The joint owners are committed to delivering exceptional environmental performance and sustainable operations, including a targeted 5 Star NABERS rating for the completed development. In March 2012, 8 Chifley Square was awarded a 6 Star Green Star – Design Office v2 certified rating,
Developed by Mirvac Group and designed by Rogers Stirk Harbour + Partners and Lippmann Partnership, the building features a “village” concept where tenants can lease one to three floors of contiguous office spaces which are interconnected and which improve interactivity between its occupants. The building also features a unique five-storey high forecourt space that offers a grand entrance and enlivens the already appealing Chifley Square precinct.
For more information, please contact:
Media enquiries: Marie Festa Group Executive, External Affairs +61 2 9080 8956
Investor enquiries: Jessica O’Brien Group General Manager, Investor Relations +61 2 9080 8458
Virtual Property Tour: http://groupir.mirvac.com/page/Virtual_Property_Tours/
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