Case Study

Koala

Premium office & warehouse space, for Australia's most awarded mattress.

Outcomes
  • 3,160sqm of mixed office-warehouse space in Sydney
  • Prime inner-city industrial estate
  • International HQ for Koala
  • Successful negotiation with existing landlord
  • Renewed existing area lease, plus secured additional space
  • Comprehensive site search of South East & Inner West Sydney
  • Site satisfied the requirements of the brief
  • Competitive incentive
  • Additional 1,000sqm space ready for occupation mid-2022
3,160sqm, Office/Warehouse
Sydney, Australia

Tenant Leasing Group signed an agreement to renew an existing lease at 37-41 O’Riordan Street, Alexandria, in Sydney, on behalf of our client Koala Mattresses & Furniture.

Koala is an international, purpose-driven homeware business, and one of Australia’s fastest growing companies. Tenant Leasing Group are proud to have been able to work with the Koala team on a property brief and secure this lease, which meets their current and future needs.

The mixed-use office/warehouse (approximately 70:30) site is part of the prestigious “City Close Industrial Estate”. The estate pays host to high-profile brands including Mercedes Benz, Liquor Emporium, and Steve Madden. It is located in the heart of Alexandria: a 700m walk to Green Square train station, and 3km to Sydney Airport and the CBD. The estate also offers secure basement parking for staff, as well as customer parking. Koala use the site for product development and head office functions (the location will double as their international headquarters).

To get this site, we went to market in South East and Inner West Sydney suburbs, and looked at a large number of properties.  After refining our short-list, we ended up negotiating with Koala’s existing landlord at the site to renew the lease for the existing area, plus provide additional space to cater to Koala’s growth. Our successful negotiation’s got our client a competitive incentive in a deal that worked out well for both parties.

Koala currently occupy units 11 and 12, and the additional 1,000sqm of space secured with the new lease will be ready for occupation mid-2022.

Having already expanded internationally to Korea and Japan, Koala’s latest property move will enable further business growth for the successful eCommerce startup.

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See how we can help your business with retail, eCommerce and industrial & logistics property leasing.

Tenant Leasing Group signed an agreement to renew an existing lease at 37-41 O’Riordan Street, Alexandria, in Sydney, on behalf of our client Koala Mattresses & Furniture.

Koala is an international, purpose-driven homeware business, and one of Australia’s fastest growing companies. Tenant Leasing Group are proud to have been able to work with the Koala team on a property brief and secure this lease, which meets their current and future needs.

The mixed-use office/warehouse (approximately 70:30) site is part of the prestigious “City Close Industrial Estate”. The estate pays host to high-profile brands including Mercedes Benz, Liquor Emporium, and Steve Madden. 

Located in the heart of Alexandria: a 700m walk to Green Square train station, and 3km to Sydney Airport and the CBD. The estate also offers secure basement parking for staff, as well as customer parking. Koala use the site for product development and head office functions (the location will double as their international headquarters).

To get this site, we went to market in South East and Inner West Sydney suburbs, and looked at a large number of properties.  After refining our short-list, we ended up negotiating with Koala’s existing landlord at the site to renew the lease for the existing area, plus provide additional space to cater to Koala’s growth. Our successful negotiation’s got our client a competitive incentive in a deal that worked out well for both parties.

Koala currently occupy units 11 and 12, and the additional 1,000sqm of space secured with the new lease will be ready for occupation mid-2022.

Having already expanded to Korea and Japan, Koala’s latest property move will enable further international growth for the successful eCommerce business.

More case studies

See how we can help your business with retail, eCommerce and industrial & logistics property leasing.

Phil & his team are helping us to manage our national roll out of bouldering gyms (1,000-2,000sqm). They now take care of all our leasing needs.

Martin Bradstreet

Founder, BlocHaus Bouldering

Market briefs for Koala

Koala-Head-Office-Warehouse-Lease-Signed_Sydney_3160sqm_Tenant-Leasing-Group

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