Caltex and Macquarie Office Trust have signed a ten year lease for Caltex's new head office at 2 Market Street, Sydney.

Caltex has agreed to lease 9,220 square metres and with five high rise floors in the building.

Caltex Managing Director and CEO Dave Reeves said the decision to move Caltex's head office from the current location in the MLC Centre at Martin Place was made following an assessment of the future needs of the company.

"As part of our office requirements assessment process Caltex consulted with employees to make sure our office accommodation requirements meet their needs now and into the future," Mr Reeves said.

Caltex called for accommodation proposals in August 2005 receiving 34 responses. The decision to sign with Macquarie Office Trust was made based on a variety of factors including staff accessibility, proximity to amenities, large floors and an innovative work environment that accommodates new technology such as VOIP (voice over internet protocols).

Macquarie Office Trust's Chief Executive Officer Simon Jones said the new lease was another great example of how the Trust's asset enhancement strategy attracts high calibre customers. "We're delighted to welcome Caltex to 2 Market Street. The new building improvements, location and large floors plates are proving popular with new customers," he said.

Caltex will move office towards the end of 2006.

Contact:
Jenny Palmer
Media Relations & Communications Executive
Ph: 02 9250 5762
Mobile: 0403 266 047