Brisbane

APD Engineering lease takes Ann Street tower to 100% occupancy

APD Engineering has consolidated two Brisbane office sites into one tenancy at the now 100% leased 160 Ann Street tower in the CBD.

28 Sep 2018

APD Engineering has consolidated two Brisbane office sites into one tenancy at the now 100% leased 160 Ann Street tower in the CBD. 

CBRE’s Arabella Sherborne negotiated the two-year lease transaction following a six month search to bring APD Engineering’s Brisbane operations under one roof. 

Located on the 18th floor, the speculative suite features an efficient layout, contemporary finishes and expansive views of Brisbane’s City Hall. The tenant occupied the space immediately upon lease execution.

“APD Engineering was seeking an efficient workspace in a central location in close proximity to public transport and amenity. The 160 Ann Street suite – the tower’s last remaining vacancy – ticked all the boxes and was the standout option from the outset,” Ms Sherborne said. “It is no surprise the building has reached full occupancy given it’s location and high quality refurbishment.”

Ms Sherbone noted that the Ann Street deal was the latest recent example of a tenant relocating from serviced office space into a speculatively fitted out office suite.

“Over the past 12 months, 30% of enquiry for speculated fitted out office suites has come from shared office or co-working users,” Ms Sherborne said, noting that APD had relocated from serviced office space on Eagle Street.

“Landlords are being rewarded for outlaying capital and investing in fitouts while tenants are being drawn to the availability, affordability and ease of access these suites can offer. As competition in the market increases, landlords are seeking ways to differentiate their offerings through more sophisticated fitouts and technology packages that increase productivity and efficiency.”
 
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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.

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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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 https://www.cbre.com.