Lease wrap: 3M Australia signs for another 10 years at North Ryde

afr.com.au | 14 days ago
Lease wrap: 3M Australia signs for another 10 years at North Ryde

Manufacturer 3M Australia has taken out a one of the largest suburban office leases in Sydney this year, committing to a new 10-year lease for the 8080 square metre office building at 1 Rivett Road, North Ryde.

The five-level property, 15 kilometres from the Sydney CBD, has 1620 sq m floor plates and includes basement parking. It sits on a 1.2-hectare site.

While the rent was confidential, sources indicated gross annual rents for the property was about $465 a square metre.

MMJ Real Estate's Cameron Algie and Chris Johnson from our Sydney office handled negotiations.

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