Sydney

Octopus Deploy secures new South Brisbane home at 199 Grey Street

Software deployment firm Octopus Deploy has secured new offices in South Brisbane after signing a 769sqm lease commitment.

15 Feb 2021

Software deployment firm Octopus Deploy has secured new offices in South Brisbane after signing a 769sqm lease commitment.

CBRE’s Matt O’Brien and Andrew Carlton negotiated the five-year lease deal at 199 Grey Street, owned by AMP Capital’s Wholesale Australian Property Fund.

The prominent 12,025sqm, A-grade office complex is already home to high profile tenants such as Children’s Heath Queensland, engineering services firm UGL and Minor DKL Food Group. The building has also benefitted from an end of trip refurbishment.

Octopus Deploy has leased levels four and five in the 15-level building, which is situated within South Bank’s recreational, retail and cultural precinct.

“The tenant saw benefit in being situated in the heart of South Bank in a building directly adjacent to the train station and surrounded by significant retail amenity,” Mr O’Brien said.

“They also liked the creative feel of the tenancy, which is spread over two levels with a double height ceiling void.”

Mr O’Brien said Octopus Deploy would be undertaking its own fit out design and had not seen benefit in moving to an already fitted out premises.

Having previously occupied office space in the Brisbane CBD, Octopus Deploy is the latest firm to commit to South Brisbane, joining major occupiers such as Virgin, Hastings Deering and Acciona, who all committed to the building last year.

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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 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 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.