Without Reserve

By Carolyn Cummins
Updated August 29 2015 - 12:18am, first published August 28 2015 - 11:45pm
Norwest Business 
Park in Sydney's northwest hills district.

 

Carolyn Cummins

Commercial Property Editor

Sydney Morning Herald

9282 2247

fax. 9282 3005
Norwest Business Park in Sydney's northwest hills district. Carolyn Cummins Commercial Property Editor Sydney Morning Herald 9282 2247 fax. 9282 3005

Mirvac has renewed its lease with Woolworths' head office at the Norwest Business Park for 15 years, expiring in 2031. The new lease is expected to commence in August 2016 following the construction of additional onsite carparking. Mirvac's group executive, office and industrial, Andrew Butler, said it was one of Australia's largest non-CBD office lease renewals, and strengthens the lease profile of Mirvac's office portfolio by extending the weighted average lease expiry from 4.3 years to 4.9 years.

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