ROBINA QUAYS CORPORATE PARK SELLS FOR ALMOST $7M

Written on the 28 April 2014

ROBINA QUAYS CORPORATE PARK SELLS FOR ALMOST $7M COMMERCIAL real estate agency CBRE has sold Robina Quays Corporate Park on behalf of a vendor, for $6.925 million.

Clarence Property Group purchased the two office buildings located on Glenferrie Drive, with more than 5,200sqm of space and an additional 6,549sqm of land.

CBRE agents Mark Witheriff and Tania Moore worked with Saku Sunakawa from Wide Estate to sell the property.

“This property was constructed in the 1980s by Brian Ray and over the years it has been occupied by a number of major Gold Coast groups such as Robina Land Corp, the Ray Group and more recently tenants including the state government, RPS Group and Spiritus,” Witheriff says.

Moore says the convenient location was a key selling point, close to retail and commercial avenues and the motorway.

“This purchase also reflects improving conditions in the Gold Coast’s office market, where we have seen vacancies fall across the board, but more specifically, in buildings where the landlords are catering to tenant requirements and undertaking capital improvements to improve the overall amenity of offerings,” she says.

Clarence Property Group plans to redevelop the park, including upgrading car-parks, amenities and building facades.

Executive managing director Peter Fahey says the majority of offices range in size between 100sqm and 300sqm, or 600sqm for the full floor.

“The Robina precinct is one of the best performing office markets on the Gold Coast and we have identified the opportunity to deliver a quality product at a reasonable price with sizing that is attuned with the Gold Coast market,” he says.

Fahey says the group will consider strata-titling the buildings, once the refurbishment is complete.


Latest News

SIRTEX CEO DISMISSED FOLLOWING SHARE TRADING PROBE

SIRTEX Medical Ltd (ASX: SRX) has sacked its chief executive officer, Gilman Wong (pictured), following an investigat...

SANTA DELIVERS KOGAN A GIFT

KOGAN.COM (ASX: KGN) has exceeded its expectations and reported another strong quarter of trade.

The online retail...

FOUR WAYS YOU SHOULD PROTECT YOUR IT SYSTEMS FROM EXTREME WEATHER

SHANNON Overs, co-founder of onPlatinum ICT, sees it too often, perhaps half a dozen times per year businesses tha...

IOT GROUP ORDERS FIRST PRODUCTION OF ROVA DRONE

IOT Group (ASX:IOT) has ordered production of 40,000 units of the ROVA flying selfie drone from Chinese technologies ...

Related News

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

SMES TAKE RETAIL MARKET SHARE AS CONSUMERS CHOOSE PERSONALISATION

IN a battle for the hearts and wallets of Australian consumers, it appears that small and medium retail businesses...

KNOWLEDGE WORKERS AMONG MOST SOUGHT AFTER IN 2017

BUSINESSES searching for efficiencies and improved systems are in search of knowledge workers early this year, say...

FEMALE ENTREPRENEURS GET SPRINGBOARD TO GROWTH

DESPITE the fast-growing number of women studying STEM subjects at school and university, women continue to be und...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter