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MIRVAC GROUP — Capital/Financing Update 2013
Jan 29, 2013
65328_rns_2013-01-29_3f611d00-7cd9-4a7f-a6ef-0923e0a6d744.pdf
Capital/Financing Update
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30 January 2013
MIRVAC SECURES ERNST & YOUNG FOR 200 GEORGE STREET, SYDNEY OFFICE DEVELOPMENT
Mirvac Group ("Mirvac") [ASX: MGR] is pleased to announce that major professional services firm, Ernst & Young, has signed an agreement to lease premium office space at 200 George Street, Sydney, following the recent Development Approval obtained for the site’s redevelopment.
Ernst & Young has committed to approximately 28,000 square metres of office space (or 74 per cent of the building’s net lettable area) for a 10-year term.
Under the agreement, Mirvac’s integrated development model will deliver the office tower, including Ernst & Young’s fitout.
Mirvac’s CEO and Managing Director, Susan Lloyd-Hurwitz said, “We are delighted to have Ernst & Young as our anchor tenant for our premium grade 200 George Street development, which we believe will provide significant benefits to the northern part of the Sydney CBD.
“With a considerable George Street frontage, the tower will occupy a premium grade address within the financial and legal heart of the Sydney CBD, and will be in easy reach of Circular Quay, Wynyard Train Station and the amenity provided by the Botanical Gardens and Sydney’s historic Rocks’ precinct.
“We are very excited about the relationship formed with Ernst & Young and proceeding to the next stage of the project.
“200 George Street is testament to our commitment in delivering premium office developments that offer outstanding amenity and leading sustainability design features, as demonstrated in our other premium office developments including 8 Chifley Square in Sydney and the Treasury Building in Perth,” Ms Lloyd-Hurwitz added.
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Ernst & Young Oceania CEO and Managing Partner, Rob McLeod, said “We are looking forward to being a major part of this innovative and premium building. 200 George Street offers a rare opportunity for Ernst & Young to move into a premium building with an excellent location for our business.”
On completion, the 37-storey premium grade commercial office tower at 200 George Street will comprise approximately 38,000 square metres of floor space in total and will incorporate design features that seek to promote excellence in sustainability, with a 6 Star Green Star and 5 Star NABERS Energy rating being targeted.
Following a design competition, Francis Jones Morehen Thorp (“FJMT”), were selected by Mirvac as the preferred architect for this project. The curvilinear geometry of their design seeks to maximise harbour views, draw in natural light and transform the streetscape of George Street through an expanded public domain. The building also promises to be a new type of office tower for Sydney characterised by the use of warm, natural materials such as wood and clear glass systems rather than the dark glass and aluminium that tends to dominate the CBD.
Major site establishment works have now commenced, with completion scheduled for early 2016.
For more information, please contact:
Media enquries: 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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