AMP Capital’s new South Brisbane tenants plan workplace fit-outs to draw staff back to the office

Premier construction modeling, detailing, and digital engineering company BDM Vircon is upgrading and upsizing from its current office premises into AMP Capital’s South- Brisbane building at 199 Grey Street. 

It is the latest in a flurry of lease commitments at the 12,025sqm building - a landmark address that has attracted tenants across the engineering, tech, film, and media industries. 

BDM Vircon has signed a seven-year lease for 1,118sqm at a rental of $630 per sqm, following earlier commitments from BUMA Australia (1,117sqm), RSP (745sqm), and Octopus Deploy (745sqm).

CBRE’s Matt O’Brien and Andrew Carlton secured the tenancies on behalf of AMP Capital. 

Mr O’Brien noted that three of the new occupiers, including DMB Vircon, intended to invest in and design newly invigorated workplace fit-outs rather than inheriting second-generation workplaces, a trend expected to increase in an effort to bring staff back into the office. 

“BDM Vircon was attracted to the property’s newly refurbished floor plate, outdoor balcony zones, perimetral window surrounds, city view aspect, and South Bank location,” Mr O’Brien said. 

“We have found that organisations are now preferencing assets that offer diversified onsite amenities and can offer outdoor zones providing an optimum environment for collaboration and engagement.” 

CBRE’s Mr Carlton noted that Brisbane’s Grey Street precinct had outperformed all other inner south markets over the last 18 months with less than 3% direct vacancy remaining along the strip and four out of the five office assets fully leased.