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News Release News Release 420 George Street, Brisbane welcomes another new tenant ARL joins a growing number of businesses leasing office space in the North Quarter CBD building 30 March 2016, Brisbane – Leasing activity ramps up at 420 George Street as ARL joins a growing number of businesses taking up residence in the popular Brisbane CBD premises. Enjoying more leasing transactions than any other building in the area, Knight Frank’s Leasing Executive for Brisbane, Kyle Cully and Leasing Executive for Brisbane, Matt Barker, have negotiated deals for 850sqm of office space at 420 George Street in the past six months. The building’s most recent tenant, ARL, has signed a five-year lease for 330sqm of office space. The receivables management company chose to move into 420 George Street as it saw an opportunity to upgrade its premises while remaining within the Northern Legal precinct. It joins a number of recent tenants who have moved into the George Street location in the past six months, including Fisher Dore, Dan Casey Barristers, and various independent barristers. According to Mr Cully, tenants are attracted to the property largely due to its close proximity to the law courts and major CBD developments. “With the new Supreme and District Court located directly opposite and the Brisbane Magistrates and Commonwealth Law Courts close by, 420 George Street is ideally situated in the North Quarter precinct. The area has seen significant growth over the past decade with developments such as Santos Place and 400 George Street strengthening the corporate tenant mix. “Additionally, 420 George Street provides a unique offering due to the exclusivity it can provide with its floor plates averaging 467sqm. These are ideal for small to medium sized firms looking to enhance their brand profile and secure a whole floor tenancy.” According to Mr Barker, recent refurbishments and attractive amenities are another key driver for the growing interest in 420 George Street. “There are existing fit outs in place within the building, making it easy for tenants to simply adapt the fit outs to suit their needs without additional outlay. The workstations are in good condition, the kitchens are already there – businesses just need to tweak the space to suit their requirements and move in.” Recent building works and upgrades at 420 George Street include a new modern foyer with an integrated café, new facilities such as showers, toilets and bike storage, a full refurbishment of all floors including new bathrooms, and substantial upgrades to the building services. Additionally, the owner and manager, Forza Capital, is upgrading each of the floors’ common areas and refurbishing lobbies on each level of the building. Prior to Forza Capital’s purchase of the building, 420 George Street underwent a major refurbishment program, making it now one of the best-presented buildings in that part of the CBD. The property is a 13-storey office tower within the north quarter of Brisbane’s CBD, located within close proximity to the Queen Street Mall retail precinct and close to public transport. Furthermore, 420 George Street is only blocks away from the announced Queens Wharf development, the highest profile and most significant development in Brisbane since South Bank was completed in 1988. END For further information, please contact: Page 1/2 News Release Kyle Cully, Leasing Executive – Brisbane [email protected] +61 423 677 296 Matt Barker, Leasing Executive - Brisbane [email protected] +61 416 479 959 Rebecca Sands, Associate Director, PR & Communications, Australia [email protected] +61 416 119 858 Notes to Editors Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank has more than 13,000 people operating from over 400 offices across 58 countries. These figures include Newmark Grubb Knight Frank in the Americas, and Douglas Elliman Fine Homes in the USA. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the Company, please visit www.knightfrank.com. Page 2/2 .
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