Expanding serviced office operator @WORKSPACES has secured a first berth in Melbourne after subleasing office space in the city’s prominent 171 Collins Street tower.
CBRE’s Patrick Mount negotiated the 1,108sqm sublease on behalf of @WORKSPACES parent company Figari Management.
“Figari was attracted by the ability to secure space in a new premium grade building, which also offered an existing fitout,” Mr Mount said.
“The vast majority of premium and A-grade buildings now offer some form of serviced office or co-working space and we see this sector continuing to grow in popularity with both owners and occupiers.”
It is the latest expansion for the company, headed by sisters, Alesya Butt and Mariska Folley, who have extensive experience in the serviced office industry in Australia and South East Asia.
@WORKSPACES is their latest concept and is designed to provide five-star, flexible office facilities in Australia's key business locations. The 171 Collins Street facility adds to existing office in Brisbane and Sydney and overseas in Manila.
Figari’s Ms Folley said; “There is great demand in the market for flexible office space in Melbourne and this, combined with a quality product and a 6 star building such as 171 Collins Street, meant that this centre was almost 50% pre-leased prior to opening day, just from word-of-mouth and referrals. We have had similar take up in our new Brisbane centre and Sydney locations in Double Bay and George Street which opened in 2015.”
The Melbourne facility will cater for up to 130 people, providing meeting and conference rooms, a co-working area, large kitchen breakout area, video conferencing, car parking and high quality end of trip facilities.
Figari Management is occupying the space under a seven year, nine-month sublease, which involves part of the building’s fifth floor.
The 171 Collins Street is located in the Paris end of Collins Street. It is designed to the highest environmental standards and has achieved a 6 Star Green Star rating.
The building is the global headquarters of BHP Billiton, with other major tenants including McGrath Nicol, Vic Super, Evans & Partners, Egon Zehnder and Dolce & Gabbana.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 (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
