BRISBANE'S OFFICE MARKET SOARS WITH SKYRING

Written on the 25 June 2014 by Karen Rickert

BRISBANE'S OFFICE MARKET SOARS WITH SKYRING

BRISBANE’S office market continues to be a strong performer, underpinned by Charter Hall’s $175 million 100 Skyring project.

The 12-storey building in Newstead is nearing completion, with some of the state’s top companies setting up shop in the area.

Bank of Queensland will occupy 54 per cent of the building, located next to the future headquarters of Tatts Group at the Gasworks precinct.

Charter Hall regional asset manager Belinda Kalinin says Energex, Leighton Contractors and Virgin Airlines have also chosen to base themselves in the area.

“Office leasing in Brisbane looks likely to remain competitive up to 2016 as new supply is added, but there is also a significant level of secondary stock mooted for withdrawal and conversion,” she says.

“With few new major office buildings planned for the fringe in the short term, there will only be a limited amount of options available in these areas.”

Kalinin says 100 Skyring meets growing demand for office space that combine work and play, based on its inspiring design and entertainment venues nearby.

“With work increasingly being conducted outside of traditional office hours, businesses are looking for locations that make it easy to achieve this work-life balance.

“100 Skyring has been designed to connect and engage with the precinct’s open green space, cafes, restaurants and other amenities, extending the workspace outdoors.”

The development is set to become a prominent feature in Charter Hall’s portfolio in the city, along with the refurbishment of 175 Eagle Street.

Kalinin says favourable socio-economic conditions make Brisbane a vital growth area for the company.

“From our perspective, the Brisbane market has proven itself a strong performer over the longer term and with Queensland’s population and employment growth remaining well above the national average, Brisbane will continue to form a key part of our $6.1 billion Australian office property portfolio,” she says.

 

 

ML Design’s senior project manager Paul Hanley says the exterior was created to make the most of its surrounds.

“100 Skyring’s design allows for tenants on all floors to have an amazing view of the Brisbane River and beyond thanks to an east-facing, gently curved facade,” Hanley says.

“This also allows the building to prominently front the neighbouring Gasometer with its green public plaza.”

100 Skyring is expected to reach partial completion in August, with office space still available to lease.


Author: Karen Rickert Connect via: Twitter LinkedIn

Latest News

VITA GROUP POSTS STEADY RESULTS DESPITE ROUGH YEAR

IT'S no secret Vita Group (ASX: VTG) has had a testing year, however the company has still managed to deliver ...

KOGAN BREAKS FORECASTS IN ITS FIRST YEAR OF PUBLICLY LISTED TRADE

RAISING the bar high in its first year as a publicly listed company, Kogan.com (ASX: KGN) has smashed its forecast...

CAMPLIFY MOTORS INTO THE UK MARKET

CARAVAN hire and RV sharing community Camplify has made its move in the European market, establishing its first op...

COCHLEAR R&D INVESTMENT DRIVES NEW PRODUCTS AND BOOSTS PROFIT AND REVENUE

COCHLEAR (ASX: COH) has boosted its 2017 full year net profit by 18 percent to $223.6 million and has forecast furthe...

Related News

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

SEVEN WEST REPORTS MASSIVE LOSS AND CUTS CEO TIM WORNER'S PAY PACKET BY $450K

SEVEN West Media (ASX: SWM) has posted a full-year loss of $744.3 million and cut CEO Tim Worner's pay packet by ...

HOW MAKING MISTAKES AND PASSION SCORED WEIGHT LOSS PARTNERS A DEAL WITH SHARK TANK'S JANINE ALLIS

THEY partnered up to provide a scientific and targeted approach to dieting, and Kate Save and Geoff Draper cut Sha...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter