ISPT has secured three government tenants to new leases to its office building at 2 Constitution Avenue, Canberra.
The Department of the Attorney General, Australian Customs Service and the Department of the Environment, Water, Heritage and the Arts have all committed to the building on separate terms which commenced in January.
The Attorney General’s department has committed to a five year lease covering 4,254 sqm.
And the ACS has agreed to a five year lease with a two year option over 9,895 sqm, whilst DEWHA has signed a new five year lease over 5,686 sqm in the building.
The 19,835 sqm property, which forms part of the $6.3 billion ISPT Core Fund, is 100% occupied.
Rentals in the building range from $380 to $395 per sqm.
ISPT’s chief executive Daryl Browning said the new leases reflect the prime position of the
“It is testimony to the underlying quality of our office portfolio that we were able to negotiate three new leases at
“We have long been committed to the ACT, reflected in our significant weighting to the
In Canberra, ISPT also owns the new headquarters for the Department of Prime Minister and Cabinet at 1 National Circuit, 7 London Circuit, 18 Marcus Clark Street, the Robert Garran Offices at 2-4 National Circuit, and is currently developing 3-5 National Circuit.
The building was previously occupied by the Australian Taxation Office, which recently consolidated its
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