GIPA - Access to Information

Contract Information Class 1

Reference Number 2018LSU2
Amount Payable $27,161,588.00
Effective Date 01/03/2011
Completion Date 31/05/2024
Name and business address of the contractor
DEXUS Wholesale Property Limited - C/- DEXUS Property Group Level 9, 343 George Street SYDNEY NSW 2000
Perpetual Trustee Company Limited - c/- DEXUS Property Group Level 9, 343 George Street SYDNEY NSW 2000
Particulars of the project to be undertaken, the goods or services to be provided or real property to be leased/transferred UOW, as lessee, is leasing commercial office building known as Levels 8 & 9, Gateway, 1 Macquarie Place Sydney to house the University's Sydney Business School, Sydney Campus. Level 8 & 9 Commencement Date 01/03/2011, Level 10 Commencement Date 1/05/2018.
Details of any related body corporate or private sector entity who will be involved in carrying out any of the contractor’s obligations or receive a benefit.
Are there any provisions under which the amount payable may be varied? Yes
Amount Payable Variation Clauses Annual rental increase based on fixed 4% increase
Can the contract be renegotiated? Yes
Renegotiation Clauses Any variations or waivers must be in writing and signed by whoever is to be bound
Did the contract involve a tender process? No
Description of any provisions under which the contractor is to receive payment for providing operational or maintenance services N/A

Contract Information Class 2

Is there a transfer of significant assets to the State? No
Is there a transfer of significant assets to the contractor? No
Has any cost-benefit analysis been undertaken by UOW? No
Was a public sector comparator used? N/A
Details N/A
Did the contractor provide a base case financial model? N/A
Details N/A
If relevant, provide details of how risk is to be apportioned between the parties. NA
Have there been any significant guarantees or undertakings between the parties? Yes
Details Bank Guarantee required for an amount equal to 6 months of Rent and Tenant's Contribution as at the start of the first year of the Term. This is returnable within 3 months after the end of the lease.
Other Key Elements N/A

Contract Information Class 3

Is a complete copy of this contract included in the register? N/A
Details of the reasons why all or part of the contract has not been included in the register N/A
Details of whether the contract or any provisions will be included at a later date and if so, when N/A
General description of the types of provisions that have not been included in the register if some but not all of the provisions of the contract have been included N/A
Contract Lease re 1 Macquarie Place Sydney - 2011-LSU2.PDF