DEXUS Property Group (ASX: DXS) and Investa Office Fund (ASX: IOF) could be in risk of losing a key tenant at their Grosvenor Place building in Sydney.
That's according to the Australian Financial Review who report that big four accounting firm Deloitte, who are a tenant, have issued the largest request for office accommodation currently in the Sydney market.
Potential new options for Deloitte include the Quay Quarter Tower which is owned by AMP Limited (ASX: AMP) and the commercial Circular Quay Tower which is owned by Lendlease Group (ASX: LLC).
Foolish Takeaway
If Dexus and Investa do lose such a large tenant, it would have a significant short-term impact on them. I do think however that in the medium to long run, there is sufficient demand for Sydney CBD office space to cover the gap.
Want to diversify your sources of dividend income? Read this FREE report.
