Inspired by New York, the whole building is going through a refurbishment, which commenced August 2017 and is due for completion mid 2018. The process is being undertaken on a floor by floor basis, with level one to be completed December 2017.

 

Knight Frank's Robin Brinkman and Ryan Grace and TGC's Danny Condell and Hamish McKay are leasing the property on behalf of April Group.

 

According to Knight Frank's Director, Office Leasing, NSW Robin Brinkman, this next-level accommodation will suit a range of occupiers. “We are anticipating high levels of interest from the design and architecture industries, as well as the TAMI sector – encompassing technology, advertising, marketing and IT.”

 

According to Knight Frank's latest research, the Sydney CBD is entering a period of significantly constrained supply over the next two years – while vacancy continues to fall below equilibrium levels.

 

Mr Brinkman said, “Amidst a background of strong tenant demand in the Sydney CBD market, we've seen significant secondary stock withdrawals and a tightening vacancy rate. We are also seeing blue-chip tenants seek the best office accommodation to attract and retain the best talent.

 

“These factors are contributing to the demand for quality CBD office accommodation, which will have a flow-on effect into enquiries for assets such as Clarence Place,” said Mr Brinkman.  

 

Originally constructed in the 1880s, the ten storey building at 222 Clarence Street was previously refurbished in 1991. It has a net lettable area of 2,900 square metres with boutique 316 square metre floorplates.

 

Knight Frank's Associate Director, Office Leasing, NSW Ryan Grace said, “This will be super high-end, featuring heritage creative space with a New York living feel – setting a new standard for office accommodation in Australia. Features will include high floor to ceilings, abundant natural light on three sides, wooden parquetry flooring and private end of trip facilities and full residential grade kitchens on each floor.

 

“We are already receiving strong interest and enquiries for Clarence Place. There's nothing like it in the city,” said Mr Grace.

 

Located less than 100 metres from the Queen Victoria Building and Town Hall Station, Clarence Place is set to feature a stone foyer and brand-new glass lifts, while the office accommodation is bathed in light from windows on three sides.

 

The finishing touch to the project will be the conversion of the basement and ground levels into a bar and dining space, with discussions currently underway with a high profile operator.

 

For more information, visit www.clarenceplace.com.au. 

 

 

Robin Brinkman, Director, Office Leasing, NSW

Robin.Brinkman@au.knightfrank.com +61 449 176 070

 

Ryan Grace, Associate Director, Office Leasing, NSW

ryan.grace@au.knightfrank.com +61 411 829 724

 

Danny Condell, Leasing Agent TGC 

danny@tgc.com.au +61 411 253 076

 

Hamish MacKay, Leasing Agent TGC 

Hamish@tgc.com.au +61 433 249 037

 

Kate Wilson, April Group

kwilson@aprilgroup.com.au +61 499 014 158

 

Rebecca Sands, Director, PR & Communications, Australia

Rebecca.Sands@au.knightfrank.com +61 416 119 858

 

Notes to Editors

Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank has more than 14,000 people operating from over 413 offices across 60 countries. These figures include Newmark Grubb Knight Frank in the Americas, and Douglas Elliman Fine Homes in the USA. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the Company, please visit www.knightfrank.com.