NOW LEASING 316 ADELAIDE STREET | BRISBANE CBD QUEENSLAND | AUSTRALIA
INTRODUCTION
Mineral Resources Lihir and Chesterton International are pleased to present 316 Adelaide Street, Brisbane to the leasing market. Having been extensively refurbished, the building offers an exceptional opportunity to secure high quality office accommodation in a central CBD location.
THE CENTRAL LOCATION PROVIDES EXCELLENT ACCESS TO ALL CBD AMENITIES
316 ADELAIDE STREET | BRISBANE CBD | QUEENSLAND | AUSTRALIA 1
EXECUTIVE SUMMARY
316 ADELAIDE STREET, BRISBANE is a high quality commercial tower providing fourteen levels of office, conference and retail accommodation along with 3 levels of basement car parking. The building offers a total Net Lettable Area of 7,388sqm with an average floor plate size of approximately 548sqm. The building is serviced by four lifts, with an efficient side core configuration.
Centrally positioned on the north eastern periphery of the Brisbane CBD’s Financial Precinct, known as the ‘Golden Triangle’, 316 Adelaide Street provides excellent proximity to a multitude of transport options including Central Railway Station (300m), Riverside Ferry Terminals (350m) along with the vast array of bus routes that operate along Adelaide Street.
316 ADELAIDE STREET HAS RECENTLY UNDERGONE A SIGNIFICANT REFURBISHMENT PROGRAM TARGETING A COMPLETE UPGRADE OF SERVICES AND FINISHES
BRISBANE, QUEENSLAND, AUSTRALIA - ONE OF THE DEVELOPED WORLD’S LEADING ECONOMIES.
Underpinned by strong economic credentials and a positive outlook for growth, Australia is arguably one of the world’s leading economies and a great choice for business and investment.
The Queensland economy has historically led the nation in terms of GSP (Gross State Product), white collar employment and population growth and has been above the national GDP average 22 out of the past 25 years. It is forecast this will continue over the medium term underpinned by the mining and resource sector, improved residential construction market, a rebound in international tourists and the Queensland State Governments commitment to invest heavily in infrastructure projects.
Brisbane is Australia’s New World City and the fastest-growing mature city in the world. The past two decades of strong population and economic growth have contributed to Brisbane’s economy reaching $135 billion, accounting for 48% of Queensland’s total GDP.
316 ADELAIDE STREET | BRISBANE CBD | QUEENSLAND | AUSTRALIA 3 LOCATION OVERVIEW
Centrally located between Wharf and Creek Streets on Adelaide Street, in the heart of the Brisbane CBD. Adelaide Street is one of Brisbane’s major CBD streets with a mixture of retail and office premises, providing excellent access to all CBD amenities.
Also within close proximity to 316 Adelaide Street is the core financial precinct of the CBD, home to some of Brisbane’s premier office buildings such as Riverside Centre, Waterfront Place, Riparian Plaza and One One One Eagle Street. This area also incorporates Brisbane’s fine dining and entertainment precinct with many of the city’s most renowned restaurants and bars located in close proximity.
316 ADELAIDE STREET | BRISBANE CBD | QUEENSLAND | AUSTRALIA 5
SHOPPING, DINING AND ENTERTAINMENT - ALL AT YOUR DOOR
The buildings central CBD location allows for exceptional proximity to Brisbane’s shopping, dining and entertainment precincts.
Located less than 500 metres away, the Queen Street Mall is home to over 700 retailers, numerous food courts and incorporates six major shopping centres. Opened in 1982 and significantly refurbished in 1999, the Mall is a Brisbane landmark and home to some of the world’s leading retailers and brands.
The Edward Street shopping precinct is also in close proximity, home to a multitude of high-end retailers including Gucci, Cartier, Hermes and Mont Blanc.
316 Adelaide Street provides occupants with a vast array of dining options, both casual and formal at their doorstep. The Eagle Street Pier dining precinct is located just over 500 metres away, offering a selection of fine dining options. The precinct is home to some of Brisbane’s most renowned restaurants including Aria, Cha Cha Char, Jellyfish and Il Centro.
316 ADELAIDE STREET | BRISBANE CBD | QUEENSLAND | AUSTRALIA 7 REFURBISHMENT OVERVIEW
From the date of acquisition the owner, Mineral Resources Lihir, has been committed to upgrading all aspects of the building as their Flagship investment.
Major upgrades have included:
• Electrical – New Main Switchboard, New Rises, New Tenant Boards (with the latest RCD etc.).
• Air conditioning – New Chiller, upgrades to ducting and control systems.
• Lifts – New Lift Motors, Car Interiors and Management Systems.
• New Lift Motors are AC Regeneration, in that on decent the motors generate power for the building. This also improves our green star rating and the environment.
• Currently the building has a 2.5-star NABERS Energy Rating and is targeting a 4-star NABERS Energy Rating on completion of the refurbishment.
• End-of-trip facilities inclusive of showers, bike storage, lockers, hairdryers and hair straighteners
In terms of general building presentation the project team have been working steadily through the building with the assistance of world class designers such as Leffler Simes Architects to create a fresh and modern feel, this will include a major facelift for the streetscape. The main foyer is almost completed and provides an insight into what the owner is creating for its tenants.
316 ADELAIDE STREET | BRISBANE CBD | QUEENSLAND | AUSTRALIA 9
BUILDING
LEVEL 13 548 SQM
LEVEL 12 548 SQM
LEVEL 12 548 SQM
LEVEL 10 548 SQM
LEVEL 9 548 SQM
LEVEL 8 548 SQM
LEVEL 7 548 SQM
LEVEL 6 548 SQM
LEVEL 5 548 SQM S
LEVEL 4 548 SQM T
LEVEL 3 548 SQM A
LEVEL 2 548 SQM
CK
LEVEL 1 548 SQM
GROUND 305 SQM
BASEMENT B1
BASEMENT B2
BASEMENT B3
BASEMENT B4
316 ADELAIDE STREET | BRISBANE CBD | QUEENSLAND | AUSTRALIA 11
MAXIMUM FELIXIBILITY
316 ADELAIDE STREET, BRISBANE has been designed to provide maximum flexibility to occupants, with a central side core configuration and minimal columns providing optimal efficiency. This design lends itself to a number of outcomes, allowing for full floor, part floor and contiguous floor users.
THE DESIGN LENDS
ITSELF TO A NUMBER OF
OUTCOMES, ALLOWING FOR
FULL FLOOR, PART FLOOR OR
CONTIGUOUS FLOOR USERS
IN VERTICAL VILLAGES USING ADELAIDE STREET INTERCONNECTING GLASS STAIRCASES AND VERTICAL GREENWALLS
316 ADELAIDE STREET | BRISBANE CBD | QUEENSLAND | AUSTRALIA 13 HERSCHEL STREET
TANK STREET
TANK ST. ACCESS AND GALLERY BRIDGE OF MODERN TRANSPORTATION TURBOT STREET ART
DENDY CENTRAL 1 CATHEDRAL CINEMA 316 ADELAIDE STREET’S prime CBD location provides close proximity to STATION MIN SQUARE
W all forms of public transport including rail, bus and ferry. Central Railway
H ANN STREET A Station is located within 250 metres, while Eagle Street Pier is less than
R F 10 minutes walk away, offering a range of City Cat and ferry connections.
STATE LIBRARY Numerous major bus routes run along Adelaide Street allows an abundance KING GEORGE STREET CITY HALL SQUARE of public transport options.
ADELAIDE STREET Radial Distance (metres) Walk Distance (metres) N
O Central Station 50 300 R ART GALLERY T
H BRISBANE GPO 300 350 QUEEN’S POST OFFICE & MUSEUM VICTORIA Q SQUARE SQUARE U PLAZA Riverside Ferries 300 350
BRIDGE A Y Queen Street Mall 420 490 2 Golden Triangle 150 150 MALL MINS QUEEN STREET MINS MYER QUEEN ST Brisbane Riverfront 230 270 A P TREASURY E R CENTRE
R MALL SHOPS T CASINO GENERAL Bus Stop 50 50 F S O
& DINING
C POST
R E M
N OFFICE C I T N R B R G
EE G E E R R
D K EY ELIZABETH STREET I W
S
A
STREET B STREET R A D A
G L B E N E
STREET O R
R T E
G
E
STREET R
I CHARLOTTE STREET V
S O E F STREET
U U
R T T U H
R
B E EAGLE ST A
N
N PIER O K R
P T 6 A H R
MARY STREET MINS K B L A
A N N W K
D
I P S LL R
E I A C M I N
C
STREET T
MARGARET STREET
STAMFORD PLAZA
M
1
M O BOTANIC
T ALICE STREET GARDENS O
R 8 MINS W
A 316 ADELAIDE STREET | BRISBANE CBD | QUEENSLAND | AUSTRALIA 15 Y
BOTANIC GARDENS
BUILDING HIGHLIGHTS
• Significantly refurbished facilities and services • Flexible and efficient floor plates • Central CBD location • Excellent access to public transport • Brand new lifts • Typical floor plates of 548sqm with good natural light • An excellent car parking ratio • State-of-the-art security access systems and monitoring
316 ADELAIDE STREET | BRISBANE CBD | QUEENSLAND | AUSTRALIA 17 BUILDING SERVICES
Air Conditioning The air conditioning systems serving the building consists of central water cooled chilled water plant, serving air handling units located on each floor. The building has two Carrier chillers mounted in the roof plant room with heat rejection via two Aquacool bottle type towers. The air-handling units serve each floor based on air distribution using a variable air volume distribution. Supplementary air cooled ceiling mounted cassette units are installed for the ground floor tenancies.
Building Management System The building is provided with a BMCS (Building Management Control System) consisting of a backbone of Invensys control with central automation system by control works. A PC based workstation and operator interface is located in the roof plant room and provides graphic interface for mechanical services. The system currently handles central plant sequencing, AHU control and economy cycle control for energy efficiency.
Lifts All four lifts of the building will replaced by the end of 2014 and service levels Ground to 13, two of which also service the basement car parking area.
Security Access to the building is controlled by an electronic swipe card system. The system controls perimeter access for the main entry doors including lift access and car park entry. Our security can be upgraded to meet particular tenant high security requirements. The lowest basement car park had been separated when the building was occupied by the Queensland State Police.
316 ADELAIDE STREET | BRISBANE CBD | QUEENSLAND | AUSTRALIA 21 ABOUT THE OWNERS
Mineral Resources Lihir (MRL) is a high performing private investment company which manages a range of successful investments.
There is a Papua New Guinea (PNG) connection in that MRL manages the asset for the Future Fund of the people of Lihir. Its associated company MRL Capital manages the assets for the same fund being those assets in PNG. Thus MRL manages the Australian assets and MRL Capital manages the PNG assets. Where required, MRL provides professional services such as legal, accounting, international taxation and building services expertise to MRL Capital.
MRL was founded in 2010, with a vision to grow profitably, sustainably and inclusively while delivering a high standard of return on all investments.
ENTRY LIFT FOYER Since then our property portfolio has grown to four commercial office 316 ADELAIDE STREET, BRISBANE buildings in Brisbane and Cairns.
MRL prides itself in offering our buildings to our tenants as the best in their class with no disruption to building services. Our buildings services are regularly upgraded to the highest industry standards.
MRL have other projects in the pipeline and our most recent focus is high prestige beach side developments.
VIEW FROM LEVEL 6 ENTERTAINMENT DECK 316 ADELAIDE STREET | BRISBANE CBD | QUEENSLAND | AUSTRALIA 23 488 QUEEN STREET, BRISBANE 488 QUEEN STREET, BRISBANE
FOR FURTHER INFORMATION CONTACT:
Ben Sikalas T: (07) 3222 3014 M: 0403 733 630 E: [email protected]
Joel Calcutt T: (07) 3222 3022 M: 0435 776 876 E: [email protected]
FOR INTERNATIONAL ENQUIRIES CONTACT:
Michael Goodman T: 1300 MINERAL M: +61 (0) 456 798 222
Brooke Tahau T: 1300 MINERAL M: +61 (0) 456 789 222 E: [email protected]
DISCLAIMER: This Information Memorandum (document) has been prepared by Mineral Resources Lihir Pty Ltd and Chesterton International (Qld) Pty Ltd. This document does not constitute an offer to Lease of sale or any part of an offer or contract of lease. It is intended only as a guide and an aid to further investigation by potential lessees. Potential lessees accept this document on the condition that they will make their own enquiries and obtain their own independent advice in order to verify the accuracy of the information presented in this document. The content of this document has been derived, in part, from sources other than Mineral Resources Lihir Pty Ltd and Chesterton International, and may be based on assumptions. In passing this information on, Mineral Resources Lihir Pty Ltd and Chesterton International do not warrant that such information or assumptions are accurate or correct. To the extent that this document includes any statement as to a future matter, that statement is provided as an estimate and/or opinion based upon information known to Mineral Resources Lihir Pty Ltd and Chesterton International at the date of preparing this document, and assumptions which may be incorrect. Mineral Resources Lihir Pty Ltd and Chesterton International do not warrant that such statements are or will be accurate or correct. The visual images in this document (plans, photography, specifi ations and artist impressions) are conceptual only. Appearance or layout of anything depicted may alter at any time. Any measurement noted is taken to be indicative and not to scale. All outlines on photographs are indicative only. IM Design: Lighthaus Creative 07.3870.8200