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Property Beyond have advised Lion on a range of property projects since 2006, including major lease negotiations in Sydney, Melbourne, Perth and Brisbane. With the closing down and sale of the 160-year-old West End Brewery Adelaide, our role was to coordinate the master plan necessary for a change of zoning and to facilitate the eventual disposal of a site that had been part of the community since 1859.
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Rio Tinto had leased 20,000 sqm at 123 Albert Street Brisbane since 2009 and engaged us in 2018 ahead of the 2021 expiry to provide a property solution that would meet their strategic goals for the proceeding 10 years. The requirement was for a total of 20,000 sqm of which flexibility was incorporated into 7,000 sqm of the space that could be released early without penalties. We executed the deal with total confidentiality in the market. Property Beyond procured space to enable Rio Tinto to create a new innovative head office with large floor plates, which supported new agile working and a best in class of their various worldwide head offices.
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For their Head-office Lion opted to stay at the existing location of 5 floors at 68 York Street, Sydney. The project was to refurbish 5 floors while the environment stayed occupied and functional.
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