Growthpoint Properties Australia (ASX:GOZ)
has announced it has entered into two new leases with the David Jones backed Country Road Group.
The leases are for two adjacent buildings in Richmond, Melbourne and comprise a total of 23,156 square metres.
The two leases have a weighted average lease term of 14.5 years.
The properties will serve as the national head offices for David Jones and Country Road Group, with David Jones relocating its existing headquarters from Sydney to Melbourne.
Growthpoint Properties Australia reported a net profit of $125.8 million at 31 December 2015.