Olympus signs new lease at Ferntree Business Park in south-east Melbourne, Australia
September 22, 2012
By Philip Hopkins
A NEW lease to Olympus at Ferntree Business Park is the latest in a string of deals in Melbourne’s south-east office precinct.
Olympus will move into a new 4000 square metre building at the Goodman Group‘s Ferntree Business Park in Notting Hill upon its completion next May.
The deal was the last of a series of big pre-commitments initiated in 2011 in the area. It followed recent pre-commitments by Schneider Electric at Ferntree Business Park, and Bristol-Myers Squibb and ADP at Nexus Corporate Park in Mulgrave.
Rob Joyes, Colliers International director in charge, Melbourne east, who negotiated the Olympus deal, said in addition to these pre-commitments, 9500 square metres of new office space would become available within all these buildings.
Olympus’ new home, currently under construction, is known as Building C within the Ferntree Business Park, at 296-324 Ferntree Gully Road. ”Rarely do we see a major corporate occupier relocate out of the Monash precinct. Staff retention is very important to a business,” Mr Joyes said.
Building C, along with Schneider Electric’s future premises, Building B, was designed conjunctionally by architects Gray Puksand and Watson Young. The building has direct access and exposure to Ferntree Gully Road, a central open area and cafe, and floorplates configured to allow for lots of natural daylight and flexible office fitouts.
Ferntree Business Park is being developed by Goodman Group as a master-planned business park comprising more than 40,000 square metres of commercial office space within a landscaped environment.
“The south-east commercial precinct has become the centre of Melbourne’s high-tech community and is home to the Monash University, CSIRO Australia and the Australian Synchrotron,” Mr Joyes said. Ferntree Business Park is located between Forster and Blackburn roads.
Other tenants in the precinct are Schneider Electric, ADP, BMW, Bristol-Myers Squibb, Canon, Daimler Chrysler, Metricon and Nestle.