Iconic Garema Court – RHCC Achieves Record Leasing Deal
In an A.C.T. record deal for 2012, Raine & Horne Commercial Canberra on behalf of Dexus Property group, have 100% leased the office component of Garema Court to the Commonwealth Government on a 12 year lease.
The new lease has seen the Department of Regional Australia, Local Government, Arts and Sport (DRALGAS) take 10,883sqm of space as the sole office tenant in the building for a term of 12 years. This is a remarkable result by RHCC considering the present economic and political uncertainty that has affected the commercial property market.
Not only is the CBD’s most recognised office building set to get new tenants but the building is getting a major overhaul both mechanically and cosmetically. The refurbishment which is well underway, is designed to be comparable to an ‘A’ grade building with Garema Court now achieving a 4.5 NABERS energy rating.
The cosmetic upgrades include a full foyer re-design and refurbishment including higher ceilings, plus incorporating an integrated cafe space.
The ground floor cafe space is available for lease and with 7 tenanted floors above and busy pedestrian traffic this is an excellent opportunity for an astute operator.
For further information contact: Mark Terracini 0412 766 663 email@example.com or Nick Cotis 0419 630 642 firstname.lastname@example.org