GARDA Property Group announced that Fulton Hogan, a sitting tenant at its commercial office building located at 572-576 Swan Street, Richmond (Botanicca 7), has committed to a new six-year lease. Fulton Hogan has occupied 1,847m² since 2010 and will now remain in the building until June 2028. Following this lease renewal, only six per cent of portfolio gross income is due to expire before 30 June 2023.

This at-risk income includes another Botanicca 7 tenant representing 3% of the expiry and four tenants in Cairns across 1,337m² of lettable area.