Brisbane, 03 March 2015 – Pragmatic Training has secured two floors within a prominent office tower in the heart of Brisbane’s CBD – a move that marks its foray into Queensland’s bourgeoning vocational education sector.
CBRE’s James Comino negotiated the seven-year lease over two floors comprising 1,406sqm at 143 Turbot Street on behalf of a private landlord. Gross rental levels within the building are circa $520psqm.
Mr Comino said Pragmatic Training had experienced enormous growth since openings its doors in Melbourne in 2003, with five locations now in operation nationally.
“The tenant is benefitting from strong activity in the vocational education and training sector, off the back of increased government funding and subsidies,” Mr Comino said, adding the Melbourne Institute of Technology, Impact English and Evocca College were also actively seeking space in the local market.
“The building has appealed to tenants seeking proximity to the law courts, public transport options and Queen Street mall,” Mr Comino added.
143 Turbot Street has undergone significant refurbishment over the past few years, including a new ground floor lobby, modern end of trip facilities and base building services.
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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.
