Downer EDI Limited is proving to be a valuable tenant for AMP Capital.
The infrastructure, mining and rail giant has just leased more than 7000 square metres of space in Milton Green, a four hectare office park two kilometres west of the Brisbane CBD.
Downer will consolidate occupancies in South Brisbane and Woolloongabba to the Milton office at 135 Coronation Drive by early 2019.
AMP Capital has also secured Downer to lease another office, at 469 La Trobe Street, in the Melbourne CBD.
Of the Brisbane lease, which also includes naming rights, AMP Capital managing director of the Office and Industrial division, Luke Briscoe, said “the commitment from Downer reflects the demand for this precinct which is delivering on its vision to provide a dynamic workspace that celebrates a balanced work-life.
“We are proud to extend our partnership with Downer and welcome the broader Downer team to this unique precinct which offers so much to both our on-site customers and the wider community.
“Supporting our customers in their business is a key focus for AMP Capital and this commitment reflects our longstanding partnership and desire to work more closely with our customer base.”
Downer’s head of procurement, property and security, Derek Yen added “the new office is the start of an exciting new chapter in our history and will signify a fundamental shift in the way we work. We wanted the additional space of a larger building to allow us to consolidate three Queensland offices, bringing Downer’s teams together in one central location and to have a space where our teams can share ideas and collaborate better.”
Milton Green is co-owned by AMP Capital Diversified Property Fund (ADPF) and Sunsuper.
The 51,000 sqm commercial centre, with six offices and nine retailers, hosts a weekly farmers market, a child-care facility, and an on-site customer experience manager “who curates weekly events and programs such as yoga and networking functions”.
Food trucks also set up at the office park.
AMP and Sunsuper recently snared two more lease deals at Milton Green: the Queensland Tertiary Administration Centre (QTAC) has rented 1344 sqm, and global telecommunications giant Vodafone has committed to 587 sqm.
Downer EDI Limited partnered with Knight Frank Occupier Services to find the new office space.