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
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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 |