Rhodes. Nestle to stay

Global food and beverage group, Nestle, has signed a 10-year lease beginning in 2013, to keep its Oceania Regional headquarters at the Australand Property Group’s Rhodes Business Park. The deal, covering about 17,000 square metres, is one the largest new suburban leases in the country. The rent would be about $330 to $370 a square metre, according to The Australian Financial Review.