New CBD business address for Moray & Agnew
January 30, 2013
Robust growth has prompted national law firm Moray & Agnew to be the first tenant to secure an 11-year lease in the landmark $12 million Watt Street Commercial development in Newcastle’s revitalised East End CBD.
The managing partner of Moray & Agnew in Newcastle, Sean O’Sullivan, said the relocation was motivated by the firm’s need for more space to accommodate its vigorous growth.
Mr O’Sullivan added, “In Newcastle, we have doubled in size over the last six years due to client demand for our services. This growth has been in part because many Hunter-based organisations no longer feel the need to send their legal work to Sydney, given the quality of the legal work and resources available locally.”
Moray & Agnew in Newcastle will occupy about a third of the A-grade office space in the former David Maddison building on the corner of King and Watt streets. The firm currently leases premises on Auckland Street.
“The relocation to larger premises confirms our long term confidence in and commitment to Newcastle and the Hunter Region,” Mr O’Sullivan said.
About 80 staff will move into the restored landmark, measuring over 2200 square-metres on the second floor of the six-floor building by March 2014, with ample space to accommodate further expansion.
The revitalised Green Star and NABERS rated premises will offer the firm’s staff a first-class light-filled office space with a state-of-the-art working environment, including a 220 seat lecture theatre.
The building will also have a foyer café, a living “green” feature wall and on-site parking.
The quality of work Moray & Agnew handles combined with the Newcastle lifestyle has been a draw card for several of its senior lawyers, many of them Novocastrians, who have returned to the fold from stints in capitals around Australia and also overseas.
As one of the largest law firms in the Hunter region, Moray & Agnew has been a strong local recruiter with most of its graduates recruited from the University of Newcastle.
Since Moray & Agnew established its Newcastle office in February 2006, partner numbers have grown from 6 to 14. Of that growth, over 80% of its new partners in Newcastle have been appointed through internal promotion.
Mr O’Sullivan said his staff were excited about moving to the “vibrant” East End.
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