CQU SETTLES ON SIGNIFICANT BRISBANE CAMPUS UPGRADE

Written on the 18 May 2017 by Business News Australia

CQU SETTLES ON SIGNIFICANT BRISBANE CAMPUS UPGRADE

CENTRAL Queensland University (CQU) has called 160 Ann Street home for the past six years, and off the back of its latest lease agreement it will continue to do so for the next 15.

The deal to expand CQU's lease was negotiated by JLL manager of property and asset management Wayne Barnes, which included additional floors amounting to an extra 1,629sqm within the building.

Now extended to a 15-year term, the deal also included a surrender and renegotiation of the original lease to accommodate the significant upgrade.

"CQU had some three years left on their current lease in the building which covered six floors, however they were looking to expand and required additional space," says Barnes.

"Fortunately, we were able to accommodate them within the building and they have extended their lease to now cover eight floors in total."

CQU's associate vice chancellor Graham Black says the lease upgrade will allow the university to offer more courses to a greater number of students.

"The campus already offers courses in Business, IT, sonography, chiropractic and digital media to approximately 1,500 students," says Black.

"The expanded footprint will enable us to increase the number of specialist courses on offer and to grow student numbers on the Brisbane campus."

CQU now occupies the ground level, level one, levels four through to eight, and now additional levels 20 and 21 as well as storage space and the signage license.

The new levels will be used for CQU's administration and academic departments, with the remaining floors to be used for libraries, student service and lecture areas.

Never miss a story: Sign up to Business News Australia's free news updates.

Follow us on Twitter, Facebook, LinkedIn and Instagram

 


 


Author: Business News Australia

Latest News

FORMER MFS EXECUTIVES HIT WITH DISQUALIFICATIONS AND MASSIVE FINES FOR MISAPPROPRIATING FUNDS

FIVE key players involved in an investment company that collapsed in 2008 owing $2.5 billion have been ordered to ...

SURFSTITCH BATTLING FOR SURVIVAL

QUEENSLAND based online retailer SurfStitch Group has gone into a voluntary trading halt for three months after it wa...

STARTUP SUCCESS BOILS DOWN TO PERSONALITY, SAYS EXPERT

THOSE who own startups will know that there are many essential qualities of a good entrepreneur; their tenacity, fina...

THE AMBITIOUS PLAN TO TURN A COLLAPSED FRANCHISE INTO AN EXPANDING BUSINESS

AUSTRALIA'S newest master franchise is set to launch in October as a commercial cleaning operation, resurrecte...

Related News

STARTUP SUCCESS BOILS DOWN TO PERSONALITY, SAYS EXPERT

THOSE who own startups will know that there are many essential qualities of a good entrepreneur; their tenacity, fina...

SLATER AND GORDON TAKES SPOTLESS TO COURT

SPOTLESS Group (ASX: SPO) has been hit by a class action launched by Slater and Gordon (ASX: SGH) in the Federal C...

TOPSHOP GOES INTO ADMINISTRATION AMID VOLATILE RETAIL MARKET

TOPSHOP has become the latest in a string of retailers blasted by the volatile retail market, as the iconic fashio...

SIGMA'S SHARE PRICE TAKES A BATTERING AS IT LAUNCHES LEGAL ACTION OVER SUPPLY DEAL

SIGMA Healthcare (ASX: SIG) has taken the MyChemist and Chemist Warehouse chains to court to demand they continue to ...

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