This article is from the Australian Property Journal archive
Financial audit, tax, and advisory firm KPMG has signed a 10-year lease to occupy 6035 sqm of space at Bloomberg Inc’s Riparian Plaza in Brisbane’s CBD.
KPMG will relocate from its Brisbane office at Central Plaza One to the Riparian Plaza by early 2007.
KPMG’s Queensland chairman Phil Hennessy said after detailed analysis of several long-term opportunities, Riparian Plaza was the best fit for the firm and its future requirements.
“Our current lease expires in 2008 and due to recent and predicted growth, our current space will not accommodate us going forward.
“Our landscape will change as we move to a new environment, occupying floors 14-18 in Brisbane’s newest corporate building. Design is almost complete with anticipated relocation of KPMG by early January 2007,” he added.
“We are pleased to have accommodated KPMG at Riparian Plaza. KPMG is one of the world’s leading professional services firms and is befitting and complementary to the established tenant profile at Riparian Plaza,” Bloomberg Inc Ltd, the developer of Riparian Plaza, director Scott Collins said.
“While negotiations with various prospective tenants paralleled those with KPMG, KPMG was considered the most appropriate culmination to the leasing program,” he added.
KPMG was introduced to the Riparian Plaza development by Colliers International state chief executive John Walklate who is also project leasing agent for the landlord, Riverside Development Pty Ltd.
Walklate said that Riparian Plaza is one of Brisbane’s finest office buildings that is designed and built to a standard that will ensure that the building’s occupants will experience the highest level of accommodation.
Riparian Plaza was designed by the late Harry Seidler and located in Brisbane’s ‘Golden Triangle’ and features the city’s most advanced column-free space and 80% of the floor area looks out over the river or distant views.
By Nelson Yap
