SYDNEY, 7 JUNE 2019

Frasers Property Australia (Frasers Property) is continuing the positive leasing momentum at Rhodes Corporate Park with ASX listed Super Retail Group securing 3,500 sqm across two levels in Building B. The 10-year lease includes 80 car spaces and has a total value of A$14.8 million.

Rental and capital value growth continues to increase at Rhodes Corporate Park, which is now 97.5 per cent leased. The four-hectare corporate park, comprising of seven office buildings, a central café, childcare amenity and extensive landscaped open spaces including a total net lettable area over 90,000 sqm.

Chamoun Malki, General Manager, Investment Property for Frasers Property Australia, comments, “Rhodes Corporate Park is an exemplary campus-style high quality suburban office environment that we are proud to have developed, managed and owned since its inception in early 2000. It remains unique in its offering with a rarely available level of amenity including an onsite gym, pool and childcare which is supported by Rhodes Waterside Shopping Centre’s diverse retail and entertainment precincts.

“These aspects, combined with outstanding value for money and park-like environment, mean that Rhodes Corporate Park is a compelling proposition for a broad range of companies.”

He added, “The value is evident with gross rentals at Rhodes Corporate Park around one third or even less when compared to typical CBD gross rents. In addition, Rhodes Corporate Park is centrally located between the Sydney CBD and Parramatta, with excellent transport links including Rhodes train station at its doorstep.”

Frasers Property recently committed Rhodes Corporate Park as a participant in the City of Sydney’s Better Buildings Partnership program that aims to help companies collaborate and improve the performance and sustainability of buildings.

Major tenants in the park include Nestle, Citibank, Frasers Property Australia, NAB, Hewlett Packard Enterprise, Rawson Homes, DHL and Unisys.

GJS and Knight Frank supported Frasers Property’s negotiation of the Super Retail Group lease.