This article is from the Australian Property Journal archive
DEXUS has secured a pre-commitment from Boeing Defence Australia for 9-levels at the $2.1 billion 123 Albert Street business hub on the Brisbane Waterfront.
The pre-commitment covers around 12,000sqm at the revitalised hub, which is currently undergoing a circa $200 million upgrade, with Boeing to occupy the low and mid-rise floors which represent a 31% pre-commitment available office space at the site.
“Boeing’s pre-commitment is further demonstration of organisations engaging around the quality of their future workplace which is driving a flight to quality in the Brisbane market,” said Matthew Miller, general manager of Queensland and Project Leasing at Dexus.
123 Albert Street sits within a 24-7 precinct in the Brisbane CBD, enabling tenant access to retail and lifestyle amenity, in addition to in-progress Albert Street Cross River Rail station.
The hub boasts high quality end-of-trip facilities and services, smart building technology and a 6 Star Green Star As Built rating and 5.5 Star Energy rating.
“This asset will benefit from continued investment in the precinct as a result of improved transport infrastructure. ESG was front and centre to our re-positioning strategy and we’re confident of securing more quality, like minded customers to join Boeing in the coming months,” said Kevin George, executive manager, office at Dexus.
Boeing will join other pre-committed tenants including Deloitte and MinterEllison, with the February-secured leases totalling a combined 19,300sqm.
“We look forward to working with Boeing to deliver their next generation workplace at 123 Albert Street,” concluded Miller.
Boeing is set to occupy the 123 Albert Street business hub waterfront building from July 2024.
Earlier this week, Dexus Industria REIT has offloaded an older-style facility in Melbourne eastern suburbs for $22.17 million, with surging demand for warehousing space resulting in a sale representing 233% above what the REIT paid just three years ago.
