Herbert Smith Freehills has advised Investa Property Group on the extension of the leasing of Telstra’s Sydney headquarters until 2025.
As part of the new leasing agreement, Telstra will lease 30,165 square metres in the 400 George Street tower for the next 12 years.
The Herbert Smith Freehills team was led by Partner Julie Couch, who was supported by Senior Associate Julie Jankowski.
“This was a highly complex leasing transaction completed within a very tight timeframe,” said Couch. “It involved combining and extending Telstra’s existing leases, for its headquarters and retail space, which previously had different expiry dates and conditions, as well as entering into new leases for several further floors within the building. Investa Property Group is a long term client of Herbert Smith Freehills’ and we are delighted to have supported them on this transaction.”
Corrs Chambers Westgarth advised Telstra on this transaction.
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