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Telstra office lease agreements

US$0.00 m
  • Entry date - Wednesday, 17 June 2009
  • Jurisdiction - Australia
  • Practice - Real Estate
  • One of largest commercial lease agreements in Australian history

  • Firm
    Corrs Chambers Westgarth
  • Client
    Telstra
  • Lead Lawyers
    Randall Gerkens
  • Role
    Legal adviser to tenant
  • Firm
    Freehills
  • Client
    Investa Property Group
  • Lead Lawyers
    Julie Couch
  • Role
    Legal adviser to owner and manager


DEAL SUMMARY

  • One of largest commercial lease agreements in Australian history

  • Deal involved negotiating arrangements for Telstra’s occupancy of three strategic CBD locations: 242 Exhibition Street in Melbourne and both 320 Pitt Street and 231 Elizabeth Street in Sydney

  • Deal was complex due to numerous parties involved in Investa Property Group (owner/manager), namely Bovis Lend Lease (building upgrade services provider) and Telstra, and flexibility needed to upgrade base building and fit-out



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