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.’
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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.
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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
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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.
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FollowingREFURBISHMENT 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 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. REFURBISHMENT Internal Fabrics
OVERVIEWInternally, 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 Lifts new fitout can be developed upon the lessor provided floor and ceiling finishes.
A total modernization of the lift services was completed in 2012. Current lift services Refurbished amenities feature modern vitreous china and new water efficient incorporate 4 off lift cars, with 1 off dedicated Goods Lift, and 2 off lift cars accessing sanitaryware, toilet partitions, stone benchtops, ceramic floor and wall tiles, all basement carparking and tenanted floors. downlighting, high grade stainless steel fitments, and contemporary mirrors.
Internal lift car finishes are largely stainless steel and neutral coloured hard wearing Mechanical Services finishes. All lift cars are compliant with AS1735 as of the time of the modernization.
A Vehicular Car Lift was installed in 2007 that enables carparking access from to The major refurbishment carried out in 2007, enables the attainment of internal Basement Level 1 to Basement Level 2. environmental conditions commensurate with a PCA ‘B’ Grade Building.
Cycle Station Electrical Services The basement level houses an air conditioned Cycle Station comprising male and Thefemale major amenities refurbishment with 4 showers in 2007 renewedand 2 WCs, all basegenerous building locker lighting room and area, feature and ample energysecure waetherproofefficient T8 fittings bike storage.throughout, with accompanying fluorescent and LED feature lighting. Disabled Persons
The building has been refurbished under BCA 2007, and accommodates all updated requirements for Disabled Persons accommodation and building visitation. Disabled persons amenities have been provided on ground level accessible within the foyer, and on every 3rd floor from levels 1 to 13.
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420 GEORGE STREET, BRISBANE
IMPROVEMENTS
THE BUILDING
420 George Street is a 14 level building comprising three ground floor retail tenancies and 13 upper levels of office space offering city and river views with floor plates ranging between 466m² and 536m², totalling 6,163m². The building also provides two basement levels of car parking for up to 20 vehicles as well as 30m² of secure storage space.
The basement car park is accessed via a lane way off Tank Street. Two lifts service both basement levels while vehicular access for basement level 2 is via a car lift.
The property’s general outlook is over Roma Street Parklands and the Brisbane River, public accessibility, undercover car parking, building services specification and performance, would enable a Grade Classification of ‘B’ to ‘C’ according to the Property Council of Australia.
CONSTRUCTION
Construction details can be summarised as follows:
Concrete footings Concrete floors Concrete and brick external walls with exposed aggregate finish Rendered brick and plasterboard internal walls Suspended grid ceiling with acoustic tiles Aluminium window frames Concrete roof with protected membrane
LIFT MODERNISATION
Four Kone passenger lifts are installed, each carrying maximum weight of 1,133kg or 16 persons. All four lifts service the ground floor through to level 13, with two of the four lifts servicing the basement levels. Modernisation works were completed in 2012 to upgrade the existing lifts and provide increased reliability and service to the building. These works included the installation of a new control system for all lifts, door system upgrades and the installation of new motor lifts that provide power savings of up to 40%.
AIR CONDITIONING
Building features ducted air-conditioning.
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HYDRAULIC AND GAS SERVICES
New triple pump set for portable water pressurisation installed in basement level 2 pumproom. Make up water and fire tank installed within the roof levels. Sewerage and storm water gravity fed to Council mains in Tank Street. Stormwater pump is located on level two. Lift well overrun sump pump installed.
FIRE SERVICES
Fire sprinklers are fitted throughout the building.
ELECTRICAL SERVICES
Two emergency power generators are accessible for essential services and lifts. 375kva and 200kva gensets located on the roof plant room. 680ltr Day tank and 2,000ltr storage an reticulation tank located on Basement level 2.
SECURITY
Building features swipe card security.
CAR PARKING
Features electric roller doors to the basement car park and rubbish bay. Basement 2 car park accessed via car lift.
END OF TRIP FACILITY
Excellent End-of-Trip facilities include: 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 for 48 bikes.
17 420 GEORGE STREET, BRISBANE
ABOUT NIELSON PROPERTIES
Nielson Properties is a privately owned firm that has been operating successfully since 1987. They are a small, highly professional team that operates in a team focused environment. Their senior management boasts an average length of service within the organisation in excess of twelve (12) years, and relavant industry experience of greater than twenty (20) years.
Based in Brisbane, the capital city of Queensland in Australia, they hold assets and have delivered projects across the state. They have the capacity to work across the Australian seaboard.
They own and invest in their own properties, and also serve as a platform and contracted partner for major investors. Under these arrangements they provide international investors with hands on management of their assets and an advocate in understanding and dealing with federal, state and local property legislation. They also utilise their understanding of the intricacies of the local markets including valuation trends, tenant movements and interests, and methods for maximising returns over the life-cycle of an asset.
They believe that the result of their work have a major impact on the experience people have in the cities in which they live. Good design and consideration of the amenity that is provided to the public, as well as actively supporting the social infrastructure that underpins a cities personality. To this end they are strong supporters of the local community and always look to incorporate consideration of the ‘social infrastructure’ requirements of the city into their management and improvement of assets.
18 19 420 GEORGE STREET, BRISBANE
INDICATIVE FIT OUT PLANS
01 INDICATIVE FIT OUT - LOW RISE OPTION A
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21 420 GEORGE STREET, BRISBANE
INDICATIVE FIT OUT PLANS
02 INDICATIVE FIT OUT - HIGH RISE OPTION A
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23 420 GEORGE STREET, BRISBANE
INDICATIVE FIT OUT PLANS
03 EXISTING FIT OUT PLAN - LEVEL 11
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25 420 GEORGE STREET, BRISBANE
David Goldfinch Campbell Tait Manager, Office Leasing Director, Office Leasing
Phone: 07 3231 1453 Phone: 07 3246 8868 Fax: 07 3231 1313 Fax: 07 3229 5436 Mobile: 0401 991 979 Mobile: 0404 087 089 Email: [email protected] Email: [email protected]
Dirk van Velden David Howson Negotiator, Office Leasing Director, Office Leasing
Phone: 07 3231 1366 Phone: 07 3246 8833 Fax: 07 3231 1313 Fax: 07 3229 5436 Mobile: 0409 182 818 Mobile: 0405 405 061 Email: [email protected] Email: [email protected]
Level 33, 345 Queen Street Level 11, 10 Eagle Street Brisbane, QLD 4000 Brisbane, QLD 4000 P +61 7 3231 1311 | F +61 7 3231 1313 P +61 7 3246 8888 | F +61 7 3229 5436 DISCLAIMER
Jones Lang LaSalle take no responsibility for any errors, omissions or discrepancies, if any, contained in this document which have been compiled from information supplied to us by various sources and are subject to withdrawal without notice. All maps and areas are approximate and are given as a guidance only. This document is for marketing purposes only. Interested/ prospective tenants should make their own enquiries and may not be reproduced or redistributed in any form without prior written approval by Jones Lang LaSalle. This document is subject to copyright. Information correct as at 12.07.2013 and is subject to change without notice.
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