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News release


James Street shine continues: Jones Lang LaSalle

TBH joins hub in relocation from Milton

BRISBANE, 17 August 2012 – James Street in Fortitude Valley continues to shine brightly, attracting tenants from both the CBD and fringe markets, with project services specialist Tracey Brunstrom & Hammond (TBH) the latest to sign on.

“TBH is one of the most experienced providers of independent project services, with more than 7,000 completed projects and 1,000 expert reports on their CV, working in the building, infrastructure, IT&T, mining, transport, defence, and energy & environment sectors,” said Jones Lang LaSalle’s Don Mackenzie, who together with his colleague Tom Barr negotiated the deal.
The lease TBH has taken up is 625sqm at 50 James Street on level 1. The lease deal is for a 10 year period with the rent believed to be in the mid $500s.
“They have relocated to the James Street precinct after being based in Milton for some 15 years, so it’s quite a move for them,” said Mr Mackenzie.
“Increasingly this precinct is becoming a hub for construction, mining resources and related companies, with TBH joining other industry names such as John Holland, Leighton, AECOM, Bechtel and Pan Australia, making the area their headquarters. One of the key reasons TBH made the move was to be closed to their client base,” he said.
In considering ‘new’ corporate headquarters, businesses are seeking staff involvement in the early stages. Gone are the days that decisions are only made at a board level. Staff retention is very topical and corporates are looking to create the ‘best’ working environments for their employees, thus committing to precincts that not only have good public transport but offer the perfect work lifestyle balance.
 “The Near City market has delivered over 380,000sq.m in the last six years. This has led to attracting CBD groups that would ordinarily not consider it as a location. We aren’t suggesting large legal firm will relocate, however we expect the majority of corporates will consider the overall attractiveness of efficiencies, amenities and cost savings.