Challenger Sydney Headquarters to Relocate To Martin Place

A heads of agreement has been signed by the group to lease approximately 10,000 square metres in the building of which is being jointly developed by Cbus Property and the Dexus Property Group / Canada Pension Plan Investment Board partnership.

The Australian

have been informed that construction is expected to finish early 2015.

The project will consist of a 19-level premium office building and offer more than 33,000 square metres of lettable space.

The landlords were represented by Colliers International’s Cameron Williams and Challenger were represented by LPC Australia’s Geoffrey Learmonth.

The landlords and Challenger declined to comment.

Also happening in Sydney’s CBD is an expected deal to take place between Navitas and Investa Property Group which will see Navitas move its offices into 255 Elizabeth Street.

Investa, Navitas and Colliers International’s building agents Jock Gilchrist and Frank Sassine declined to comment.