ALLCONNEX TAKE FIVE FLOORS AT THE ROCKET

Written on the 10 February 2011

ALLCONNEX TAKE FIVE FLOORS AT THE ROCKET

WATER reseller Allconnex has signed an eight-year lease across five levels in The Rocket at Robina totalling 3533 sq m.

The organisation has amalgamated its Nerang, Beenleigh and Redland administration offices into new premises and fit-out at the CBDRobina address. Spaces at The Rocket are leasing from $375 per square metre.

More than 260 staff will occupy the premises in a move that CEO Kim Wood (pictured), says will position the business as the key player in the management of South East Queensland’s water supply.

“It’s a quality building and it turned out to be the headline product for us at a good price,” says Wood.

Last month Gold Coast ratepayers and businesses received their first water bill from Allconnex, a separate bill from the Gold Coast City Council rates notice. The business is owned by the Gold Coast, Logan and Redland councils with the earnings invested back into the three councils. The company was formed in July 2010 under the State Government’s South East Queensland (SEQ) Water Reform.

“Three water businesses have been amalgamated and we are trying to get them a fair return,” says Wood.

“We are not the lowest price in the county but we are spread across various regions, our assets are in good shape and we are well structured for growth. The increase in pricing is up to the State Government. They regulate it and set the rules. This is a space that can go feral in a heartbeat.”

Wood, a former chief executive at Stanwell Corporation, says the move to Robina is part of a rebrand to stamp a corporate profile and to market the company as an independent body, without political interference.

“We are business that says what it does and does what it says. This is not a flimflam organisation; it’s a fair dinkum water business,” he says.

“We have undertaken an aggressive marketing strategy and the call centre has been running hot. Our intent is to be close to businesses and developers.

“There have been some tough times but 2011 is looking pretty good. There are lots of challenges, but fundamentally we’re in one of the fastest growing regions in the country and it’s one of the most exciting.”

Other tenants at The Rocket include, THG, Trilby Misso Lawyers, Robina Marketing Australia, Raine & Horne Financial Services, Big Air Communications, Super Build Constructions, Urban Australia, REOL International, AMMA Private Investment and the offices of Robina Projects Australia.


Latest News

EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

THE National Broadband Network (NBN) is more than an internet connection, it is an opportunity to transform your b...

VOLATILE INDUSTRY CLIPS FLIGHT CENTRE'S WINGS

DESPITE achieving record sales in the first half, Flight Centre Travel Group (ASX: FLT) profit has suffered the ef...

ARDENT TAKES $95.2 MILLION HIT FROM DREAMWORLD TRAGEDY

ARDENT Leisure has taken a $95.2 million write-down on the value of its Dreamworld theme park following the tragedy t...

AGENT EXITS, LOW LISTINGS HURT MCGRATH

PROFITS have dived 72 per cent at real estate group McGrath (ASX:MEA) to $2.4 milllion on the back of low property...

Related News

EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

THE National Broadband Network (NBN) is more than an internet connection, it is an opportunity to transform your b...

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter