Australian reserve bank hawks prime office space

AUSTRALIA - The Reserve Bank of Australia (RBA) is to lease out 6,000sq m of office space at its Martin Place, Sydney office.

The move has been approved by the Parliamentary Standing Committee on Public Works. It will be the first time a tenant other than the RBA has been permitted inside the building. The central bank has reduced its Sydney staff from 3,000 in the early 1980s to about 700. The RBA will be seeking rents of between $A500sq m and $A600sq m.

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