We acted for co-owners in a deal that saw a landmark tower in Sydney let in its entirety

Working on behalf of three co-owners, we successfully concluded negotiations that will result in the Commonwealth Bank of Australia occupying the whole of Darling Park Tower 1, part of a three-tower landmark office complex in Sussex Street, Sydney.

Darling Park is now widely recognised as a powerful banking and finance complex, with other key tenants including PricewaterhouseCoopers, Marsh Mercer and RaboBank. Commonwealth Bank has committed to a 12-year lease for 51,000 sq m of premium space, commencing with 17,000 sq m in the high rise in July 2008. The remaining space in the tower will be occupied as it becomes available between 2008 and 2010.

Darling Park Towers 1 and 2, together with the Cockle Bay Wharf retail precinct, are owned 50% by GPT Wholesale Office Fund, 30% by Multiplex and 20% by AMP Capital Investors. Darling Park Tower 3 is owned 100% by GPT Wholesale Office Fund.

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