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  • Gameloft makes its next move on Newstead office property

Gameloft makes its next move on Newstead office property

12 February 2015
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Brisbane, 13 February 2015 – Video game developer Gameloft has leased a boutique property in the trendy inner-city suburb of Newstead to accommodate its growing operations.

The 633sqm converted woolstore property located at 130 Commercial Road comprises a refurbished open plan office and eight onsite car parks.

CBRE’s Michael Skarparis and Mel Pikos, who negotiated the deal on behalf of the lessor, said the tenancy represented an opportunity for Gameloft to purpose build their own fitout.

“Gameloft saw a fantastic opportunity to open a Brisbane branch in this character, commercial converted warehouse,” Mr Skarparis said.

“This property has the same look and feel that Gameloft’s interstate offices possess, which was a key factor attracting the tenant.”

Gameloft committed to a three-year term on the property for a gross price of $420 per square metre, equating to an annual rental of $265,860. An attractive incentive was taken as a contribution to the fitout.

​Mr Pikos commented: “While we have seen strong demand for fitted out space recently, this was a rare instance where the tenant instead opted to build a new fitout from scratch.” 

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About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.​


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