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News release

Forge Group Limited to call Kings Row Office Park in Milton home: Jones Lang LaSalle


BRISBANE, 19 September 2013 – In a savvy consolidation move, international engineering, construction and asset management company Forge Group Ltd have committed to leasing Kings Row Office Park in Milton in a deal negotiated by Jones Lang LaSalle’s Christian Allen.
 
Forge Group recently merged their Eight Mile Plains office with their Milton operation, currently at 301 Coronation Drive, to improve business efficiencies and staff amenity. While they aimed to remain in Milton, the challenge was to find a new headquarters.

“Retaining the Forge Group’s presence in Milton was critically important to minimise staff disruption,” said Christian Allen.
 
“Forge Group considered numerous options in Milton however, Kings Row Office Park certainly provided the best business solution in terms of on-site amenity, position and availability,” he said.
 
“The new home for Forge Group offers access to a swimming pool, tennis court and conference room facilities as well as views overlooking the Brisbane River and CBD and proximity to coffee shops and cafes and the train station; so in terms of staff amenity, it was very well suited.”
 
Mr Allen said the facilities within the office park were also in the process of being upgraded. “The building owner Investa Property Group is currently improving End of Trip facilities including access to bike racks, shower and locker facilities.”
 
“Businesses are certainly demanding improved levels of on-site amenity in order to address the evolving nature of the workplace environment, and Forge Group is an example of one looking to satisfy both logistical and operational prerequisites, as well as staff priorities,” he said.
 
Mr Allen said Investa had always been proactive in addressing the needs of tenants. “It is important in the current market to differentiate oneself in what is an increasingly competitive leasing environment.” 
 
The lease was negotiated prior to the tenancy becoming vacant which represented a terrific result for Investa. 
 
Forge Group have secured the level 4 tenancy in Stage 2 for 3 years with market sources commenting a rental rate of $500/sqm gross was likely to have been achieved.​