This article is from the Australian Property Journal archive
HINES Global REIT has secured rail freight operator Aurizon as the major tenant of its 100 Brookes Street office building in Brisbane’s Fortitude Valley, which will soon be heading to Centuria Metropolitan REIT after the $645 million portfolio transaction deal struck between the groups last week.
Aurizon took up 3,491sqm of space in the building, directly opposite its 900 Ann Street headquarters, in a five-year lease over levels one and two negotiated by CBRE’s James Comino and Mel Pikos.
Aurizon was represented by Julian Kettle of White & Partners.
The building was constructed in 2008 for Bechtel.
Comino said the building’s location, security provisions and amenity had been key attractions for Aurizon, with Hines presently refurbishing the ground level foyer and in the process of introducing a café retailer.
“The building offered a level of accommodation which suited Aurizon’s mid-term plans, particularly in light of its proximity to their new office headquarters at 900 Ann Street,” he said.
“The refurbishment program for 100 Brookes Street tied in well with Aurizon’s occupation timeline, ensuring that a high-quality workplace experience was delivered to staff.”
Pikos said CBRE is in negotiations with several tenants to close out the remaining office space in the building.
“With the vacancy rate tightening in Fortitude Valley’s Urban Renewal Precinct, we expect tenants will need to make faster decisions to avoid missing out on good quality, contiguous leasing options,” he said.
Australian Property Journal
