An extensive upgrade of the entrance foyer and lift lobby, installation of End of Trip facilities and upgrade of the air conditioning plant and controls has recently been completed at 33 King William Street in the Adelaide CBD, triggering an increase in renewals and new enquiries.
The building’s owner, Dr Sam Shahin from Peregrine Corporation, said that he is committed to repositioning the building and proactively responding to the demands of the market and that this strategy had been instrumental in the recent resigning of Brookfield Global Integrated Solutions and securing Australian Medicines Handbook (AMH) as long term major office tenants.
AMH’s General Manager, David Dart, commented that he and his staff were very happy with their new surroundings and that the views, proximity to public transport and quality of the building facilities had been significant factors when selecting 33 King William Street as their new national headquarters.
Dr Shahin added that the recently completed works were part of a larger program to take advantage of the building’s prestigious location on one of the city’s highest profile intersections, directly opposite Rundle Mall.
“As part of our vision for 33KW, we have plans in place to bring a unique multi-level dining experience overlooking Rundle Mall to Adelaide which we think will further enhance the appeal of the building and provide an exciting dimension not previously seen in Adelaide,” Dr Shahin said.
CBRE’s Nigel Sharp said the provision of quality facilities and amenities such as those now provided at 33 KW are influencing tenant decisions and becoming a standard requirement for quality grade buildings.
“Given the building’s location, and the owner’s commitment to provide top quality office accommodation and facilities, we have seen an increase in enquiry resulting from the recent completion of the various upgrades,” Mr Sharp said.
33 KW holds a prestigious CBD address directly across from Rundle Mall. The building comprises a mix of ground floor retail tenants including Hudsons Coffee, Nandos and Escape Travel alongside 18 levels of quality office accommodation with panoramic views of the coast and the Adelaide hills.
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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.