This article was published on 15 September 2014.

August 2014 – OPEN COLLEGES LEASES 5,200sqm IN CENTENNIAL PLAZA

In another story of growth from the online sector, leading internet based education company Open Colleges has just leased 5,200sqm over Levels 10-13 inclusive of Tower C at Centennial Plaza, 300 Elizabeth Street, Sydney.

Open Colleges will move into 300 Elizabeth Street in the first quarter of 2015, and will more than double in size. Open Colleges currently employ 450 staff, however this figure is projected to increase towards 700 people over the next 2 years.

The new lease is a strong result for the Lessor, managed through Invesco Real Estate, who only bought the asset in November 2013. This lease takes the complex to a 100% occupancy rate.

Cadigal were successful in brokering the transaction.