Data Agility is moving into the Victory Tower office building in the fast-evolving western core of Melbourne’s CBD, as demand for tech services and solutions surges.
Fitzroys’ Stephen Land negotiated the three-and-a-half-year assignment of lease with a three-year option over 393sqm on Level 10 of 420 Collins Street, at $181,125 per annum plus GST.
The assignor was Melbourne City Mission and the property is owned by private Melbourne-based landlord.
“The recently upgraded offices include existing workstations and chairs, desirable for a number of tenants currently looking to move offices with minimal work involved,” Land said.
Data Agility is a specialist consulting company that delivers data quality, migration, integration, reporting, and the strategy solutions. The business works with organisations in banking and finance, health, government and utilities, retail, media and telecommunications industries.
“Tech and data firms have experienced an uptick in demand for their services in the Covid-19 environment as businesses look to enhance the online networks and capabilities amid changing working environments,” Land said.
“Fitted office spaces in the sub-500sqm category have been increasingly sought-after as businesses navigate the altered landscape
“As a result, we were able to a source and secure a tenant quickly for the landlord, and without compromising the rental rate.”
The strata-titled 420 Collins Street building, also known as Victory Tower, is in a prime Collins Street location opposite the new Collins Arch development, while the recently completed Olderfleet development is also close by.
“These major developments have reshaped the western core of Melbourne’s CBD and spurred tenant enquiry in this precinct,” Land said.
“Operators want to be close to the enhanced lifestyle and food and beverage offerings in the area that have developed in response to the area’s growing worker population.”