The signing of a 7.5-year lease deal for space at 73 Miller Street, North Sydney signals the appetite of businesses to return to an office-based working environment, according to ESR Australia.

The real estate platform announced it had reached an agreement with engineering consultancy Taylor Thomson Whitting (TTW) for 1,720 sqm at the building, commencing 1 July 2021. 

Having worked as the engineering consultant on the repositioning of the building, TTW has chosen to relocate its head office to 73 Miller Street after nearly 60 years at St Leonards.

The privately-owned Australian firm will move into the sixth floor of the A-grade commercial property, following the signing of the lease, which was negotiated through Cushman & Wakefield's Giuseppe Ruberto and Tim Molchanoff.

Source: ESR Australia

TTW Managing Director, Rob Mackellar said while the decision to move had been a difficult one, the opportunity to move to 73 Miller Street made the decision a lot easier.

"We know the building well as we were the structural and façade engineers on the project," he said.

"The prime location, sustainable design credentials, natural light, and the ability to create a great environment for  all our staff on a single floor meant it stood out as the best place for TTW to create a new home.” 

ESR Australia CEO Phil Pearce said the deal emphasised the calibre of the repositioned asset and its location. 

Source: ESR Australia 

“Having our project partner TTW sign a lease to occupy part of 73 Miller Street is testament to the project we delivered," he said.

"I’m delighted at the outcomes we’ve achieved repositioning this asset into an A-grade commercial building.

“We’re still fielding strong leasing enquiry, despite COVID-19.

"The building has proved attractive to customers from a broad range of industries, including those located in the North Sydney precinct as well as further afield."

Source: ESR Australia

A joint venture between ESR Australia and Partners Group oversaw the $A60 million capital expenditure program that repositioned 73 Miller Street into an A-grade commercial property with the installation of two new office floors, plus the infill of existing floors creating larger floorplates, increased the building’s net lettable area from 14,672 sqm to 19,114 sqm. 

The site was also fitted with a contemporary façade, innovative foyer, modern end-of-trip facilities, and sustainable features including a rooftop photovoltaic system.

The works were completed in July 2020.

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