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Corporate Giant KPMG Leases Offices on the Sunshine Coast

sunshine coast

The corporate giant, which occupies thousands of square metres of high-end space in the major capitals, has leased 500 square metres at the Emporio mixed used development at 2 Emporio Place, Maroochydore.

The seven-year lease is reported by the AFR as having two further five year options.

KPMG is reportedly paying $180,000 per annum to occupy the space, which equates to $360 per square metre, per annum. Colliers International and Savills leased the space on behalf of Reed Property Group.
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Masterplan Approved For New $3.3 Billion Township: Caloundra South

caloundra south aerial

PLANS for a $3.3 billion new community, known as the Caloundra South project, have advanced with the Queensland Urban Land Development Authority approving the master plan.

The project will be developed over the next 20 to 30 years by Sydney based developer Stockland.

It will include a new commercial centre with about 650,000 square metres of space. It will also include up to 20,000 dwellings capable of accommodating some 50,000 people.

The master plan includes infrastructure, environmental protection, open space, community facilities, commercial uses and housing. It will also include a new town centre, three district centres, six neighbourhood centres and an industrial zone.
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The Tivoli, Fortitude Valley, For Sale

the tivoli fortitude valley inside

POPULAR music venue The Tivoli in Fortitude Valley, Brisbane, will be auctioned next month. The Brisbane business and freehold is being sold by the O’Rourke family. The art deco building, developed in 1917 according to its website, will host upcoming performers Rick Astley and Jose Felliciano. Website www.couriermail.com.au did not ... Read More »

Major Japan Builder Announces Eco-Friendly Coolum Residences, Sunshine Coast

sekisui house

HOMES which promise to provide “the most advanced eco-friendly design elements ever built in Australia” is being launched on the Sunshine Coast in Queensland.

The Coolum Residences will include photovoltaic roof tiles, insulated windows, wall ventilation and energy monitoring systems.

An announcement about the proposal and the developer – Japan’s largest home builder, Sekisui House, is copied below:
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Australia’s Biggest Council Blames Carbon Tax For Chunk of Upcoming Rate Rises

throwing money away

THE federal Labor government’s carbon tax has been blamed for a spike in rates, to be passed on by Australia’s largest council next financial year.

Brisbane Lord Mayor Graham Quirk said the average ratepayer will face an increase of $54.62 per annum – reflecting a 4.5 per cent jump.

Mr Quirk said this rate could have limited to $31.48 a year (representing 2.6 per cent) if the carbon tax was removed.
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Sentinel Spends $15.6 Million on Mackay Bulky Goods Complex, Queensland

northpoint noosa site

SENTINEL Property Group has paid $15.6 million for the Northpoint Homemaker Centre in Mackay, Queensland.

The purchase is the second bulky goods complex acquired by the group in the state after it paid $25.75 million last December for The Zone complex at Rothwell.

The Mackay investment occupies a 29,191 square metre site, and has 11,407 square metres of net lettable retail area. It is leased to ten retailers including the listed Super Retail Group and The Good Guys.

The vendor according to the AFR which reported the deal was the 360 Capital Retail Fund.

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Half a Billion Invested Around Brisbane’s Queen Street Mall This Year

queen street mall brisbane

HALF a billion has been invested around Brisbane’s Queen Street Mall this year.

ISPT has been the biggest player, spending $100 million refurbishing the Wintergarden Shopping centre which included building a colourful thatched façade. The Melbourne based company also purchased a half share of the Myer Centre for $366 million, and invested another $60 million on the Broadway on the Mall complex.

Toward the casino the Blackstone owned Balad is selling 60 Queen Street for an expected price of between $30 million - $40 million.

The Brisbane City Council is looking to replicate Melbourne’s successful laneway retail concept with the Burnett Lane complex.
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Origin Joins List of Major Tenants Seeking Brisbane Space

origin

THE list of major tenants seeking office space in and around Brisbane is growing but agents do not expect this to translate to a massive rise in rents.

An Origin Energy joint venture, with its Australia Pacific LNG partner, is seeking 12,000 square metres by 2014, increasing to 30,000 square metres in 2016.

Pathology group Sullivan Nicolaides is considering a lease of more than 10,000 square metres – about the same as iron ore giant Vale, and advisory KPMG

The requirements come after Suncorp which had a requirement of 30,000 square metres agreed to move to the 42,000 square metre Southport Tower outside of the CBD owned, according to the AFR, by Anthony John Group.

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