Skip Ribbon Commands
Skip to main content

Topics of interest

Giving the market a fresh look at 25 Grenfell Street

32 Grenfel street - building abstract - image

In 2006, Commonwealth Law Courts was set to leave 25 Grenfell Street for purpose built accommodation. Together with additional vacancies, a total of 10,000 sqm of space were made available for the development. Jones Lang LaSalle was tasked to develop a refurbishment strategy in order to re-market the building.

First, we provided the owner an analysis of the vacant and new build space. Second, we advised refurbishment considerations to maximise opportunities. Third, we collaborated with a marketing consultant to develop a marketing collateral. Lastly, we devised a leasing strategy for key areas within the office tower and ground floor and undertook subsequent leasing.

As a result of these initiatives, the building’s office component is now 100% occupied. We helped secure the pre-commitment of Minter Ellison, one of the largest full-service law firms in the Asia Pacific region, even before Commonwealth Law Court’s transfer. There were also subsequent leases to Lipman Karas Lawyers, Davis Langdon, Goodman International, Tolhurst, Robert Walters, QPL, Heathgate Resources and the state government. In addition, we were able to grow the building’s rental rate by 25% and increase its market value. Most importantly, we helped change the market’s perception of the tower.

Related Topics of interest

 

 

Sometimes the best advice is, "no, don't do it!"/australia/en-au/case-studies/72/sometimes-the-best-thing-you-can-hear-is-no-dont-do-itSometimes the best advice is, "no, don't do it!"Our clients felt that we were able to ensure that they didn’t make a mistake; particularly when they sourced their own opportunities and brought them to us for our review. Hear what they say..
Australia remains a safe haven for funds/australia/en-au/case-studies/71/australia-still-a-safe-haven-for-fundsAustralia remains a safe haven for fundsOur view generally is that Australia could well be a beneficiary of further Chinese outbound flows of capital if there is the speculated disruption in trade between the two economic power houses given our reputation as a safe haven for funds.
What is an 'Investment Grade' Property?/australia/en-au/case-studies/70/what-is-investment-grade-propertyWhat is an 'Investment Grade' Property?The stamp of “investment grade” is achieved after carefully analyzing an exhaustive list of equally important criteria and ensuring that they all play well together.