Building refurbishment underpins Fairfax lease commitment

Adelaide, 23 June 2014 – Fairfax Media has leased just over 900sqm of office space in one of Adelaide’s best fringe office buildings.

CBRE Office Services Director Andrew Bahr negotiated the 200 Greenhill Road lease, which involves all the office space on level 1 of the building.

Owner Andel Holdings recently refurbished the landmark property, with the addition of a feature glass lift joining the basement car park to all office levels. Other upgrades included a makeover of the entrance foyer, common areas and bathrooms.

The refurbishment was one of the attractions for Fairfax, which has committed to a five-year lease to accommodate its Rural Press division.

Rural Press is relocating from older style premises it previously owned into a new, high quality fitout in the Greenhill Road building, which is prominently situated between Glen Osmond and Fullarton Roads.

“The commitment is testament to the building owner, who continues to invest in their asset for the long term with the recent installation of the glass lift and associated foyer works,” Mr Bahr said.

“It demonstrates the positive outcomes that can be achieved by a building owner who is willing to ensure their product is the best it can be, both aesthetically and from a performance perspective, with tenants in the market willing to pay the rent for the best products.”