A new health and wellness precinct in Brisbane’s inner-north has welcomed three new tenants to its growing line-up of providers – cementing itself as the area’s leading medical hub.
Queensland Eye Institute, Listen to your Body and Ortho Regen have all committed to lease space at the bourgeoning College Junction precinct, which is already home to Anytime Physio, Smart Clinics, ScriptRITE Pharmacy and Qscan’s clinic and head office.
CBRE’s Mel Pikos and Lee Berry negotiated the recent leasing transactions on behalf of lessor and medical imaging and radiology specialist, Qscan. Qscan developed the 695 Sandgate Road property to fulfill its requirement for a new head office and leverage demand for a medical hub in Brisbane’s north.
Mr Berry said the transactions followed a successful leasing campaign, which resulted in the property leased in its entirety within 12 months from completion.
“Well developed medical facilities in the right areas continue to attract strong tenant demand. In addition, forming a medical hub such as this where tenants can leverage off each other is essential for the precinct’s success,” Mr Berry said.
“We were able to achieve strong rental rates given tenants’ desire to be located within a prestigious fringe medical building.”
Queensland Eye Institute will occupy a 530sqm space on level one for a term of 10 years. Listen to your Body has signed a five-year lease on 140sqm and Ortho Regen will take up 200sqm for five years. Rentals range between $525 per square metre net - $700 per square metre net.
Queensland Eye Institute, Listen to your Body and Ortho Regen have all committed to lease space at the bourgeoning College Junction precinct, which is already home to Anytime Physio, Smart Clinics, ScriptRITE Pharmacy and Qscan’s clinic and head office.
CBRE’s Mel Pikos and Lee Berry negotiated the recent leasing transactions on behalf of lessor and medical imaging and radiology specialist, Qscan. Qscan developed the 695 Sandgate Road property to fulfill its requirement for a new head office and leverage demand for a medical hub in Brisbane’s north.
Mr Berry said the transactions followed a successful leasing campaign, which resulted in the property leased in its entirety within 12 months from completion.
“Well developed medical facilities in the right areas continue to attract strong tenant demand. In addition, forming a medical hub such as this where tenants can leverage off each other is essential for the precinct’s success,” Mr Berry said.
“We were able to achieve strong rental rates given tenants’ desire to be located within a prestigious fringe medical building.”
Queensland Eye Institute will occupy a 530sqm space on level one for a term of 10 years. Listen to your Body has signed a five-year lease on 140sqm and Ortho Regen will take up 200sqm for five years. Rentals range between $525 per square metre net - $700 per square metre net.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), 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 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), 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 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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.
