Information Memorandum Prepared by Jones Lang Lasalle
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INFORMATION MEMORANDUM PREPARED BY JONES LANG LASALLE 420 GEORGE STREET, BRISBANE 420 GEORGE STREET, BRISBANE 2 CONTENTS 05 EXECUTIVE SUMMARY 06 OPPORTUNITY 07 STACKING DIAGRAM 08 LOCATION 10 BUILDING FEATURES 12 REFURBISHMENT PROGRAM 16 BUILDING SERVICES 18 ABOUT NIELSON PROPERTIES 20 INDICATIVE FIT OUT PLANS 26 DISCLAIMER 3 420 GEORGE STREET, BRISBANE 4 EXECUTIVE SUMMARY Jones Lang LaSalle and Knight Frank are pleased to present the current leasing opportunities in 420 George Street, proudly owned and managed by Nielson Properties. 420 George Street occupies an enviable position within the North Quarter of Brisbane’s CBD. The new Supreme and District Court is located directly opposite 420 George Street and also close by are the Brisbane Magistrates and Commonwealth Law Courts. The precinct has seen significant growth in past five years with developments such as Santos Place and 400 George Street strengthening the corporate tenant mix. The building enjoys easy access to the CBD’s main thoroughfares Turbot, Ann and Adelaide Streets highlighted by the various bus stops and routes available along these streets. The Queen Street Mall retail precinct (500m approx.) and Roma Street Railway Station (200m approx.) further add to the accessibility and location appeal of 420 George Street. 420 George Street has a unique offering due to the exclusivity it can provide with its average floor plate of 467sqm. These are ideal for small to medium sized firms looking to enhance their brand profile and secure a whole floor tenancy. Recent upgrades to the building include, installation of bike and shower facilities in the basement, full refurbishments of every floor including new bathrooms and lift carts modernisation in 2012. The landlord is currently undertaking a scope of works to reinvigorate the foyer at 420 George Street, ensuring staff will enjoy their workplace and joyfully interact with the bustling streetscape along George Street. ‘420 George Street can offer whole floors of 467sqm. Currently fitted out to a high standard, an opportunity exists to lease fully fitted or fully refurbished premises in a precinct which offers a vast array of staff amenities which is ever evolving.’ 5 420 GEORGE STREET, BRISBANE OPPORTUNITY Exclusive Whole Floor’s 420 George Street represents a unique opportunity to secure a customised whole floor tenancy fitted out to a high specification. The owner has engaged Harry Poulos Architects to work with the tenants to design and construct their fit outs which will result in extensive costs savings for the tenants. Alternatively, a number of floors have high quality existing fit outs incorporating offices, open plan workstations, boardrooms and kitchen facilities. With an average floor plate of 467sqm, these boutique floors are exceptionally positioned for small to medium sized firms who will take advantage of existing high quality fit out or construct a new ‘turn key’ solution to suit their requirement. Fit out solutions range from open plan tenancies, legal style office layouts and barristers chambers. The Evolution of the North Quarter The North Quarter of the Brisbane CBD has arguably experienced the highest level of growth out of the major precincts over recent years. In the past five years the significant additions to the precinct include the Brisbane Magistrates Court, 32 Turbot Street, 400 George Street, and most recently the Brisbane Supreme and Districts Court opening in July 2012. Not only has this boosted the height of the skyline but the amount of workers in the area have expanded with many large corporates making the North Quarter their new office headquarters. 6 STACKING PLAN 420 George Street - Available Office Accommodation Level Area sqm Rental Parameter Comments Level 13 467 $565 Fitted Out or Open Plan Refurbished 1,868 Level 12 468 $565 Fitted Out or Open Plan Refurbished sqm Level 11 467 $565 Fitted Out or Open Plan Refurbished Level 10 466 $565 Fitted Out or Open Plan Refurbished Level 9 466 $545 Fitted Out or Open Plan Refurbished Level 8 466 $545 Fitted Out or Open Plan Refurbished Level 7 466 $545 Fitted Out or Open Plan Refurbished Level 6 466 $545 Fitted Out or Open Plan Refurbished Level 5 467 $545 Fitted Out or Open Plan Refurbished Level 4 467 $525 Fitted Out or Open Plan Refurbished 1,964 Level 3 466 $525 Fitted Out or Open Plan Refurbished sqm Level 2 495 $525 Fitted Out or Open Plan Refurbished Level 1 536 $525 Fitted Out or Open Plan Refurbished TOTAL 6,163 7 420 GEORGE STREET, BRISBANE LOCATION 420 George Street is prominently positioned on the corner of George and Tank Streets directly opposite the new Supreme Court House. The building’s location creates an unrivalled convenience to the Supreme, Magistrates and Commonwealth Law Courts which are all within 100m. Due to a decade of continued growth in the legal precinct and further identified areas for development, 420 George Street will remain at the epicentre of the link to the various courts and staff amenities. Surrounding retail amenities include high end restaurants like Tank Restaurant & Bar and 400 George Street’s Public Bar which can cater to all levels of staff and client entertainment. Food courts are located in 400 George Street and Roma Street Transit centre which daily lunches for staff are more cost effective. Coupled with the foyer refurbishment, a refurbished coffee shop will transform the current ground floor tenancy again adding to the local amenity for staff and clients. Resource and Mining Exposure Since 2009 the North Quarter Precinct has become home to many of Australia’s leading resource and mining companies. The precinct continues to grow and attract world leading asset owners, engineering firms and resource consultants such as Rio Tinto, Santos, Aurecon, Parson Brinkerhoff, British Gas and Worley Parsons to name a few. TRAIN STATION 200M BUS STOPS 100M EAGLE STREET PIER 1000M CITYCAT TERMINAL 500M TAXI RANK 100M POST OFFICE SQUARE 700M HOTEL - VARIOUS RESTAURANT - VARIOUS 8 420 GEORGE STREET 400M (5MIN WALK) 800M (10MIN WALK) 9 420 GEORGE STREET, BRISBANE BUILDING FEATURES Total building NLA of 6,163m² of office accommodation over 13 storeys. Owned and managed by Nielson Properties. Building naming and signage rights available. Four refurbished lift cars service the office tower. Efficient floor plates with abundant natural light throughout. Two levels of basement car parking for up to 20 vehicles. Excellent views to the CBD, Brisbane River and South Brisbane. Prominent building signage opportunity. Excellent End-of-Trip facilities. 3 showers and 1 toilet for male users. 3 showers and 1 toilet for female users. Locker facilities to both male and female change rooms . Bike racks. 2 Star NABERS Energy rating. Full electronic security. 10 11 420 GEORGE STREET, BRISBANE REFURBISHMENT OVERVIEW Following its recent major refurbishment in 2007, and lift modernization in 2012, 420 George Street is again undergoing refurbishment that will complete its transition into a modern PCA ‘B’ Grade Brisbane North Quarter property. The current changes will incorporate a new, modern and contemporary George Street entry and ground level foyer featuring an integrated coffee shop, in addition to an amenities refurbishment on all commercially tenanted levels. Foyer The frameless glazed vestibule and accompanying façade will project to the George Street property alignment to create a clearly defined main entrance to the ground level foyer. The refurbished ground level entry and foyer will featuring frameless glazing, stone floor finishes, modern interior wall colour shades, strikingly high ceilings housing feature lighting. Coupled with the new coffee lounge, this area will create an urbane, chic meeting hub for local building occupants and visitors alike. Internal Fabrics Internally, there are options to utilise the near new fitout which consists of quality workstations, modern and well equipped kitchen and breakout areas, environmentally friendly commercial grade carpet tiles, and suspended ceilings, or a new fitout can be developed upon the lessor provided floor and ceiling finishes. Refurbished amenities feature modern vitreous china and new water efficient sanitaryware, toilet partitions, stone benchtops, ceramic floor and wall tiles, downlighting, high grade stainless steel fitments, and contemporary mirrors. Mechanical Services The major refurbishment carried out in 2007, enables the achievement of internal environmental conditions commensurate with a PCA ‘B’ Grade Building. Electrical Services The major refurbishment in 2007 renewed all base building lighting and feature energy efficient T8 fittings throughout, with accompanying fluorescent and LED feature lighting. 12 13 420 GEORGE STREET, BRISBANE REFURBISHMENTFollowing its recent major refurbishment in 2007, and lift modernization in 2011, 420 George Street is again undergoing refurbishment that will complete its transition into a modern PCA ‘B’ Grade Brisbane North Quarter property. OVERVIEW The current changes will incorporate a new, modern and contemporary George Street entry and ground level foyer featuring an integrated coffee lounge within its confines, in addition to an amenities refurbishment on all commercially tenanted levels. Foyer The frameless glazed vestibule and accompanying façade fenestration will project to the George Street property alignment to create a clearly defined main entrance to the ground level foyer. The refurbished ground level entry and foyer will featuring frameless glazing, stone floor finishes, modern interior