Raine & Horne


Iconic Garema Court – RHCC Achieves Record Leasing Deal

September 2012

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  mterracini@rhccanberra.com.au  or  Nick Cotis  0419 630 642  ncotis@rhcacanberra.com.au


Raine & Horne Commercial Canberra

Raine & Horne Commercial Canberra

T: (02) 6239 6888
F: (02) 6239 6884
E: enquiries@rhccanberra.com.au

Level 1, 22 Giles Street
Kingston ACT 2604

PO Box 3546,
Manuka ACT 2603

Raine & Horne Strata Canberra

T: (02) 6295 6888
F: (02) 6239 6884
E: Reception@rhcfact.com.au

2 Kennedy Street
Kingston ACT 2604

PO Box 3537,
Manuka ACT 2603

website canberra

Awarded Australia’s No.1 Commercial Agency 2012