Growthpoint Properties Australia has landed one of Melbourne's largest recent office-leasing deals in the middle of a pandemic, securing hardware retailer Bunnings as anchor tenant for a speculative office building in the city-fringe suburb of Richmond.
Growthpoint beat out rival Charter Hall to secure the 10-year-plus lease from Bunnings for almost 13,900sq m of the 19,500sq m in its Botanicca 3 building that was completed in February without a tenant – just as COVID-19 started sending workers home in the Victorian capital.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
