Market Pulse CBD June-26 pages - Flipbook - Page 11
Market Pulse June 2026
The largest relocation lease transaction recorded in the last 12 months was ING’s 10,645sqm
committment at 1 Shelley Street. The major transactions listed below all involved tenants that
were already located in the CBD. Despite this, we expect centralisation to continue to be a theme
in the Sydney CBD.
The list includes five tenants who leased (at least 10%) more space than previously – Blackrock,
Snowflake, Gilchrist Connell, Waratah Chambers and LVMH Perfumes & Cosmetics - as well
as three who took (at least 10%) less space – Roche, Evolution Mining and Slalom with ING
leasing marginally less area than before.
The sample includes two tenants relocating from the soon-to-be withdrawn 175 Liverpool
Street – Evolution Mining (to 85 Castlereagh St) and Waratah Chambers (680 George St) with
both tenants choosing not to move far and remain in the Midtown precinct. Seven out of the
ten transactions listed (accounting for 80% of the area) took place outside the Core precinct,
specifically Western and Midtown, providing evidence of the shift in leasing activity away from
the Core.
Recent Major Lease Transactions
Tenant
Address
Precinct
Level
Area (sqm)
LCD
Type
ING*
1 Shelley Street
Western
pt.1, 4-6
11,001
Jun-27
New
Blackrock
33 Alfred Street
Core
11-12
2,492
Feb-26
Pre-commit
Roche
2 Park Street
Midtown
44
1,903
May-27
New
The Executive Centre
400 George Street
Midtown
17
1,632
Feb-27
New
Evolution Mining
85 Castlereagh Street
Midtown
26
1,466
Mar-27
New
Snowflake
Grosvenor Place
Core
12
1,400
Dec-26
New
Gilchrist Connell
400 George Street
Midtown
pt.19
1,235
Jan-27
New
Waratah Chambers*
680 George Street
Midtown
33.01
1,139
Jan-27
New
LVMH Perfumes
& Cosmetics
333 Kent Street
Western
7
1,045
May-26
New
Slalom*
121 Harrington Street
Core
2
1,008
Jun-26
New
* Cadigal was involved in these transactions.
11 | cadigal.com.au
