pitt&sherry Take Occupancy in Club Tower

Australian founded and nurtured engineering firm pitt&sherry have relished recent business opportunities in Brisbane and accordingly upgraded their office to Level 10 of the city’s stalwart – 241 Adelaide Street, the Brisbane Club Tower.

Internal growth and the acquisition of aligned businesses coincided conveniently with the business’s lease expiring at Bowman House, allowing them an easy opportunity to come to market in the search for a new premises.

Why Have Spec Fit-outs Become So Popular For Tenants?

Before we answer that question, it is important to define exactly what ‘speculative’ fit-outs are.

A speculative fit-out, or ‘spec fit-out’ as they are known within the office leasing space, are new fit-outs constructed by landlords without any pre-commitment to the space by a prospective tenant.

Why would a landlord build a fit-out without any commitment from a tenant? 

Fitout works done ‘on spec are by no means a new concept. Landlords have always looked to re-use existing fit outs within their buildings by making changes to the presentation and design in order to re-present fitted out space back to the market in a better light. It makes commercial sense to do that. What we haven’t seen landlords do in the past, that we are seeing nowis build full fitouts (from scratch) with no prior commitment to the space from a tenant. 

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LawLogic expand into Emirates House at 167 Eagle St

Young legal group LawLogic Pty Ltd have cemented their presence in the Brisbane market with the opening of their new office at Bramley’s 167 Eagle St.

With a considerable number of strings to their bow generating uncertainty about their long-term requirements, LawLogic have accounted for their growth potential with a short-term lease on 189sqm of Level 21. The availability of existing fit out allowed the business to maximise the incentive provision as rental abatement and structure a lease that handed them access in a matter of weeks.

Holt Durham Migration Make The Move To The North Quarter

After almost two decades based on Wickham Terrace, migration services firm Holt Durham Migration have relocated their offices to the Kyko Group’s 193 North Quay.

HDM Migration is a boutique migration firm whose clients include some of the largest mining companies in Australia. After an extended period of time in an ageing Spring Hill building, Holt Durham felt that after a detailed search spanning across a large part of the B Grade market, 193 North Quay was their premier choice.

HDM were able to make use of a good-quality 84sqm partial fit out that had remained from a previous occupier, committing to a long term lease.

Please contact Chris Chapman on 0401 153 992 for further questions regarding this lease.

Exova Warringtonfire & Defire co-locate after successful national merger

After the successful acquisition of Defire, a Sydney based fire engineering consultancy, Exova Warringtonfire have leased 123sqm at Quadra’s 133 Mary St in Brisbane.

Before merging, the businesses were separately located on the fringe of the Brisbane CBD.  The merger presented an opportunity to improve their office location, size, and convenience for staff. 133 Mary St stood out after the first inspection on account of its unique finishes and up spec in quality. Archway Commercial Interiors produced the full floor of suites on Level 12 in early 2017, generating enormous interest and helping reignite momentum for the asset.