Ray White Seeks New Sydney Corporate Headquarters

Ray White Seeks New Sydney Corporate Headquarters 

Australasia’s largest real estate group, Ray White, has out grown its corporate office in the Sydney CBD and is seeking alternative office accommodation.

The property giant is five years into a 10 year lease at 17/135 King Street but they have fully occupied the 1,209 sqm floor and are in the market for 2,000 to 2,200 sqm of office space for the new corporate headquarters.

Level 17 is in an A grade building on Pitt Street Mall owned by Investa Property Group.

The floor is being offered for assignment/sub lease to 2020 through Ray White Commercial Office Leasing Sydney Directors Anthony Harris and Jeremy Piggin. Stephen Duggan and Emma Montgomery of White & Partners are handling the office search and relocation.

Ray White Group Director, Dan White, the CEO of the group’s commercial businesses, said: “Growth is coming from all business units on the floor, including the commercial franchisees, project marketing, hotels, research and White & Partners.

“We have strong forecasts for growth for our teams and with good supply of larger offices for us to relocate to in the city centre, now is an opportune time to take advantage of market conditions and make the move.”

Anthony Harris said Level 17 will be offered for lease with the existing fit out and furniture.

“The floor offers light on four sides and there is a reception area, boardroom, four meeting rooms, four offices and 110 workstations,” he said.

“There’s also a fully equipped open plan kitchen, training room and storage room as well as onsite shower facilities, bicycle racks plus long and short term parking.”

Level 17 is available for lease until 2020 for net rental of approximately $650 per sqm per annum plus outgoings.