GPT wins over Rabobank

Sydney’s Darling Park. Source: News Limited

Sydney’s Darling Park. Source: News Limited

THE GPT Wholesale Office Fund-owned Darling Park Tower 3 is about to win the battle for Rabobank’s Australian headquarters, with the Dutch financier close to agreeing on terms to stay at the precinct.

Rabobank is poised to lease about 10,000sq m at Darling Park, industry sources say.

The deal would involve a restructure of its space at the third tower. Sources said Rabobank may lease a whole floor or part of a floor in the second tower.

The lease would include exclusive rooftop signage rights.

Rabobank had been in the market last year and looked at a range of options, including Lend Lease’s Barangaroo project.

Both GPT and Rabobank declined to comment.

GPT was also making a strong bid to keep Marsh Mercer as a Darling Park tenant, according to sources. It is understood GPT is confident of keeping the financial services firm despite Marsh Mercer being believed to be close to agreeing to relocate to the Barangaroo office towers.

Source: The Australian

 

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