Parkline Place secures new tenant to close out three of the largest leasing deals of 2023
Oxford Properties Group (‘Oxford’) and Mitsubishi Estate Asia (‘MEA’), together with Investa, are delighted to welcome Insignia Financial to Sydney’s most connected, fully-electric, amenity-rich commercial building — Parkline Place — at 252 Pitt Street, Sydney.
Insignia Financial is a leading wealth management organisation, focused on creating financial wellbeing for all Australians. The organisation has secured 8,847 square metres over six tower levels (16-21) and will also have signage rights to the top of the building, providing a rare and prominent brand presence, visible from the Harbour and eastern suburbs.
Insignia Financial joins global accounting, tax and advisory services firm, BDO, and the NSW Office of the Director of Public Prosecutions (ODPP) as tenants. All three leasing deals are amongst the largest deals to be executed in the Sydney CBD since the end of the pandemic.
Set to operate at Net Zero (scope 1 and 2 in operations), Parkline Place is designed by world-renowned architects Foster + Partners and encapsulates global benchmarks in sustainable design, smart technology and workplace experience. The large floorplates will provide employees and clients with multiple spaces for everything from collaboration and breakout spaces to quiet focus areas conducive to detailed analysis and strategy work.
Mark Podgornik, Head of Leasing, Investa said, “We are very pleased to welcome Insignia Financial as tenants of Parkline Place. Parkline Place is now majority precommitted, after successfully securing three of the largest Sydney CBD post-covid leasing deals and we have strong interest in the balance of space.
“The workplace has evolved and so have tenant expectations about what’s needed in today’s hybrid working environment to support employee health, as well as individual and team performance. Parkline Place clearly demonstrates that not only is the ‘flight to quality’ still playing out, but it is defined by exceptional, adaptable workplaces that offer an ecosystem of connection, wellbeing and productivity.”
Frank Lombardo, Chief Operating & Technology Officer, Insignia Financial said, “The move to Parkline Place brings our CBD and North Sydney employees together for the first time in a landmark location. The sustainability and wellbeing credentials of the building, along with the integration with Sydney Metro will provide our people and clients with a central and accessible environment and superior facilities.
“The individuality of our people is what makes us who we are so it was important to us our space anticipates needs and encourages collaboration and innovation so we can deliver better, together, and we know Parkline Place will deliver on this.”
Insignia Financial has already appointed a Head Contractor, Hunter Mason, who has partnered with The Studio Collaborative and DBS Consulting to create their new fit-out. Insignia Financial employees will be amongst the first to enjoy Sydney’s newest landmark building when they move in during late 2024.
Parkline Place is an Integrated Station Development conveniently located between Town Hall and Hyde Park, sitting atop the new Sydney Metro Gadigal Station. Parkline Place offers a superior office experience with outstanding amenity in a sustainable, fully electric building that will operate at Net Zero. It is co-owned by Oxford Properties Group and Mitsubishi Estate Asia and managed and delivered by Investa. Parkline Place was designed by globally acclaimed architects, Foster + Partners, and is being built by CPB Contractors. Due to welcome its first occupants in 2024, Parkline Place will be a premium 39-storey tower, offering 47,839sqm of office space across 30 levels and 1,285sqm of hospitality and retail.