>

>

Australia’s Pacific National signs for two floors of Keppel REIT’s office, 2 Blue Street

By Felicia Tan

/ The Edge Singapore |

February 26, 2024 8:10 PM SGT

2 Blue Street is a ten-storey office building in North Sydney (Picture: Keppel REIT)

Join our Telegram channel and follow our Facebook for the latest update.

Pacific National, the largest private rail freight company in Australia, has signed for two floors at 2 Blue Street, a ten-storey office building in North Sydney.

The building was formerly known as Blue & William and is owned by Keppel REIT, which purchased the asset in December 2021 while it was still under development. Pacific National will occupy about 3,350 sqm (36,059 sq ft) across the first and second floors of the Grade A office building, which achieved practical completion in April 2023. It was developed by Lendlease, who is also managing the building.

According to Keppel REIT and Lendlease, Pacific National intends to fit-out the workplace and relocate by September 2024.

Read also: Keppel REIT to acquire 50% interest in Sydney office building for A$363.8 mil

“We are pleased to welcome Pacific National which has chosen 2 Blue Street as its new headquarters. Keppel REIT is one of Asia's leading real estate investment trusts with a portfolio of prime commercial assets in Asia Pacific's key business districts. We look forward to continue offering smart, modern and sustainable office spaces that elevate the tenant experience and inspire connections,” says Koh Wee Lih, CEO of the manager.

“We were looking for new office space that would give our people the flexibility to work in a more connected and collaborative way, while also supporting Pacific National’s efforts to reduce its businesses’ environmental footprint. 2 Blue Street ticked every box, offering us everything we were after, and in a great location too,” says Saskia Groen-in’t-woud, chief strategy and sustainability officer of Pacific National.

“The continued strong interest in 2 Blue Street reflects the increasing demand we are seeing across the portfolio for new, high-quality workplaces that offer leading sustainability credentials and the benefits of prime locations, close to transport,” says Tom Mackeller, managing director development of Lendlease.

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Far East Shopping Centre’s $908 mil en bloc deal aborted

2

World’s largest Mercure Hotel opens on Club Street

3

Grandson of Genting Group founder leads Cover Projects, carves niche in Singapore’s heritage properties

4

The Residences at W Singapore Sentosa Cove relaunches at prices from $1,648 psf, 40% below the peak

5

Residential transactions with contracts dated March 26 to April 2 [DONE DEALS]

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00