14 Feb 2020
SYDNEY, 14 FEBRUARY 2020
Frasers Property continues to attract major companies to Rhodes Corporate Park, recently securing a five-year lease with Hewlett Packard PPS Australia Pty Ltd (HP).
HP has entered into a direct lease with Frasers Property for 2,777 sqm at Level 5 in Building F. The lease commences in June 2020 on a net rental of $450 sqm and annual increases of four per cent.
The commitment from HP follows other recently agreed leases with major corporates including Nestle, Citi, NAB, Super Retail Group, Pickles and Manpower.
Chamoun Malki, General Manager – Investments for Frasers Property Industrial comments, “Rhodes Corporate Park continues to offer outstanding value for money and a highly appealing environment for a broad spectrum of businesses, employees and customers. Our experience is that more and more organisations are re-evaluating their accommodation needs and drivers, and realising the significant benefits associated with moving into a centrally located, suburban office park that offers excellent amenity.
“On average, gross rentals at Rhodes Corporate Park are approximately one third or less when compared to typical CBD gross rents. The retail, recreational and transport amenities in the park or at its doorstep are very appealing to tenants across all industries.”
Rhodes Corporate Park, owned by Frasers Property Australia and managed by Frasers Property Industrial, offers tenants a unique campus-style high quality suburban office environment with a diverse range of amenities including an onsite gym, pool and childcare which is supported by Rhodes Waterside Shopping Centre’s diverse retail and entertainment precincts. The park is centrally located between the Sydney CBD and Parramatta, with excellent transport links including Rhodes train station which is within 300 metres.
Building F is also the first commercial building in Australia to be certified carbon neutral (base building) by NABERS against the Australian Government’s National Carbon Offset Standard (NCOS) for Buildings during the period of 01/10/2017 to 30/9/2018.
A NABERS Energy Rating of 5.5 stars has also been achieved in Building F using a combination of energy efficiency measures, including building monitoring and tuning, along with a 100kW solar system to minimise energy use onsite. The building also uses 20 per cent GreenPower on its remaining energy demand.