Origin Joins List of Major Tenants Seeking Brisbane Space

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.

Read more

Suncorp Close to Selling Wedding Cake Building, Brisbane, For $65 Million

SUNCORP is reported to be close to selling a Brisbane CBD office building known locally as “the Wedding Cake” because of its layered design.

The 18-level, 16,340 square metre office at 36 Wickham Terrace is understood to be “under contract” for about $65 million.

The sale, to a private investor, is part of a plan by Suncorp to consolidate ten office locations in Brisbane, to two. In Brisbane, Suncorp is reportedly in the market for between 27,000 sqm and 30,000 sq m of new space to occupy by the end of 2013.

Read more

Control of Noosa Resort Seized by Receivers

RECEIVERS McGrath Nicol has been appointed to seize control of a major, high profile resort developed by two major, high profile property institutions.

Suncorp Bank is seeking that a $43 million line of credit be repaid by Viridian Noosa Pty Ltd.

Viridian controls a $300 million resort by the same name, and operated by Outrigger. Leighton Properties and Macquarie Real Estate developed the five star resort which was completed last year.

Read more
error: Content is protected !!