This article is from the Australian Property Journal archive
MAJOR lender Westpac will relocate its Queensland headquarters to the Riverside Centre in Brisbane, signing a 10-year deal for 6,747 sqm in the refurbished CBD tower with landlord GPT Wholesale Office Fund.
The GPT fund has now secured more than 22,000 sqm of new leases and renewals over the past 12 months across the 42-level premium-grade building.
For the first time since opening in 1986, the building will provide for rooftop signage with Westpac and Deloitte securing the rights to have their branding displayed.
Westpac is constructing their fit-out over levels 12 to 16 and will move in later this year.
New tenants that have taken up space in the building over the past year include DWF LLP, over 2,081 sqm, Energy Super (1,475 sqm), Talbot Sayer Lawyers (702 sqm), Mirvac (699 sqm), AAM Investment Group (540 sqm), Charter Keck Cramer (223 sqm) and E.Sun Bank (300 sqm).
The Tassis family, of George’s Paragon Seafood Restaurant, will soon open their new Italian restaurant Massimo in the building.
Each of the leases were struck between seven and 10 years, with marketed rents achieved ranging from $775 to $875 per sqm.
Colliers International and JLL negotiated the leases in partnership with GPT.
GPT has spent four years upgrading the Riverside Centre, including refurbishment of its lobby, bathrooms and lift lobbies, and a new end of trip facility, along with the plaza area.
The Riverside’s 21 lift system was recognised as the “Best Lift Modernisation” project globally in the Elevator World awards.
Australian Property Journal
