After a stagnant post-pandemic period in the Sydney office real estate market, mid-tier accounting and consulting firm BDO has come out blazing with a massive new lease at Parkline Place in the central business district.
Australia’s largest mid-tier accounting and consulting firm BDO is gearing up for a move to a modern new office in Sydney, the first tenant signed up for the Parkline Place development on the corner of Pitt and Park Streets.
BDO has leased 6,100 square metres across levels 22 to 25 of the 39-storey tower, which is due to be completed toward the middle of next year. The firm expected to relocate from its current Margaret Street base in 2025.
“Our move to Parkline Place is testament to the strong growth and demand we’ve experienced over the past few years as BDO has cemented its position as one of the leading advisory firms in the market,” commented Sydney managing partner Grant Saxon. “BDO is known for exceptional client experience and this office move will accommodate our people and clients in an environmentally sustainable and flexible office environment.”
The deal has been described as one of the largest struck in the CBD since the onset of the pandemic, and subsequent switch to remote and hybrid working. According to Accountants Daily, BDO’s Sydney branch has almost doubled its headcount since 2020, jumping from 330 partners and staff to more than 600 in a little over two years. A spokesperson however told the publication that there…
