This article is from the Australian Property Journal archive
INTEGRATED services provider Downer EDI will consolidate Queensland operations within AMP Capital’s Milton Green precinct, after signing a major leasing deal.
Downer has signed a new eight-year lease for over 7,000 sqm and the signage rights at 135 Coronation Drive, Milton Green. Downer is expected to occupy the site by early 2019.
Their move to Milton Green is the second location that Downer occupy with AMP Capital, with the group also occupying space at 469 La Trobe St Melbourne.
AMP Capital’s managing director, office and industrial, Luke Briscoe said, “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,”
Downer joins two other major occupiers who have recently relocated from other precincts to Milton Green – Vodafone who has leased 587 sqm and Queensland Tertiary Administration Centre (QTAC) who has leased 1,344 sqm.
Downer’s Group head of procurement, property and security, Derek Yen said the additional space of a larger building will allow the company to consolidate three Queensland offices, including South Brisbane and Woolloongabba, in one central location.
Briscoe said customers continue to respond positively to the ongoing commitment of co-owners AMP Capital Diversified Property Fund (ADPF) and Sunsuper to invest in significant upgrades including a rebrand and the delivery of a $6 million investment program which included new outdoor urban spaces, new food and beverage retailers and new end of trip facilities.
Through the remainder of 2018 and into 2019 more upgrades are planned, including a new third space, additional common areas gardens and further external spaces for Milton Green customers to enjoy.
The 51,000 sqm commercial hub includes six commercial buildings and nine retailers. The precinct also includes weekly farmers markets, pop up food trucks, a child-care facility, public carparking facilities and an on-site customer experience manager who curates weekly events and programs such as yoga, and networking functions.
Australian Property Journal
