Dexus Tie Down Netwealth as Part of CBD Project

Financial services company Netwealth has signed a 10-year lease agreement to secure 2,700sqm of prime Melbourne office space at Dexus’ 180 Flinders Street project.

They join engineering giants John Holland, flexible workspace firm Hub Australia, Cox Architects and SXIQ in acquiring a slice of the exciting CBD development.

Netwealth Managing Director, Michael Heine, said: “We are delighted to have finalised this transaction with Dexus.”

“180 Flinders Street is a unique building that seamlessly blends the past with the future and perfectly meets our future needs,” he said.

The move comes in the midst of a pandemic which has thrown the city’s use of office space into doubt, though Mr Heine said that the deal is part of a wider vision in line with the company’s innovative values.

“Netwealth’s continued growth and focus on innovation means moving into 180 Flinders Street will provide an outstanding opportunity to create a workspace meeting the post COVID-19 needs of our staff,” he said.

“We have designed a flexible workspace providing for an agile, connected and collaborative environment.

Dexus Office Leasing GM, Patrick Stronell described his delight at securing the deal and praised Netwealth’s ability to look beyond the current economic turmoil.

 “We are pleased to be able to facilitate Netwealth’s growth by relocating them within our portfolio,” he said.

This transaction is an example of a successful business taking a longer-term view and positioning themselves for growth post the pandemic period.

Patrick Stronell, Dexus Office Leasing GM

The 180 Flinders Street development is a landmark 10-storey office tower located opposite Flinders Street Station comprising of 20,300sqm of office space and vibrant laneway retail amenity.