Qantas is looking to sublease 20,000sqm of office space at its Mascot headquarters. Picture: Justin Lloyd.
Qantas is looking to sublease half of its entire Sydney headquarters as it continues to deal with the fallout from COVID-19.
The national flag carrier who announced on Tuesday it could move its head office away from Sydney, is offering businesses the ability to lease two stand-alone buildings at 10 Bourke Rd, Mascot.
MORE: Inside Karl Stefanovic’s new waterfront mansion
Epic home has insane mini-golf course and cinema
Lavish dance studio estate to shatter records
With up to 20,000sqm of office available, prospective tenants are being lured with the promise of a “highly competitive rental rate” of around $450 per sqm.
Building C has 14,690sqm of leasable space.
Forming part of the national flag carrier’s headquarters, the buildings have recently been renovated with new open plan workstations, meeting rooms, collaboration and breakout areas.
The space on offer represents two of the four buildings which currently house Qantas staff, with the airline retaining the head lease for another 12 years. There is 14,690 sqm of office space across six levels available in one building, with the ability to lease each floor separately.
The other building has two level with 5036sqm of space for lease and is being offer in one line.
Coronavirus has seen the airline retire its last Boeing 747-400 aircraft, along with the grounding of its entire Airbus A380 fleet. Picture: Christian Gilles.
Both buildings were recently renovated.
Colliers International South Sydney director Michael Crombie, who is managing the listing with his colleague Neil Murray, said the buildings were two of the best commercial offerings in Mascot.
“We are seeing an increasing number of Sydney CBD and fringe tenants looking at South Sydney as a great alternative, we still have incredible access to rail and amenities,” he said.
“The rent will be the major selling point, especially when occupiers see the quality of this fit out.”
The decision to lease part of its national headquarters follows the airline on Tuesday confirming it had started a tender proposal with state governments about relocating its Sydney office and maintenance operations in Brisbane.
No. 10 Bourke Rd has been the headquarters of Qantas since the late 1980s.
Passenger numbers have remained low since international and many state borders closed in March.
As well as the Sydney properties, the airline is looking to also sublease 2000sqm of office space in Melbourne at 333 Collins Street.
There is also 1500sqm up for grabs at its Qantas Premium Contact Centre in Hobart, which Colliers said is an opportunity for an organisation to commence a call centre style of operation at a reduced start-up cost.
Previously Qantas has announced a number of saving measures including the grounding of its Airbus A380 fleet until 2023, as well as a number of Boeing 787-9s until at least mid-2021.
SIGN UP FOR THE LATEST NSW REAL ESTATE NEWSLETTER
The post Qantas to lease 20,000sqm at head office as airline deals with coronavirus fallout appeared first on realestate.com.au.