Tech company takes 31 Queen Street to fully leased

Colliers International helps Challenger Life CDI Nominees hang ‘no vacancy’ sign

Tech company A Cloud Guru will move into a whole floor at 31 Queen Street in Melbourne in a leasing deal that takes the building to fully occupied status.

Colliers International’s Ben Christie and Zak Seccull have facilitated the new five-year lease on behalf the landlord, Challenger. A Cloud Guru will occupy 964sqm on Level 13. It is understood the rent was in the low-mid $500/sqm (net). 

“A Cloud Guru is a tech company that currently occupies a 231sqm tenancy at 95 Queen Street,” Mr Christie said. “The company has experienced incredible growth and is an unbelievable success story. 

“They first occupied 95 Queen Street in August 2017 and in less than two years have more than quadrupled their staff numbers in Melbourne, hence the need for this new space at 31 Queen Street.”

A Cloud Guru Founder Sam Kroonenburg said that he was delighted to be relocating offices as the company pursued its rapid growth strategy.

“Our staff is critical to our success and our most valuable asset,” Mr Kroonenburg said. “We look for humble people who are really good at what they do. We give them the space, physically and figuratively, to do things differently and 31 Queen Street is the ideal fit to accommodate our rapidly growing workforce.”

The deal is the latest in a string of leases at 31 Queen Street and is one of the most recent notable movements by a tech company in the CBD. 

According to Colliers International data, office enquiry from IT companies increased by 53% throughout 2018 and is showing no signs of slowing in 2019. 

“Tech companies are actively driving demand for Melbourne CBD office space, with a focus on non-conventional and creative office environments which is why we are seeing a rise in features such as exposed ceilings and polished concrete floors in traditional office buildings,” Mr Christie said.

Colliers International’s Brigitte Doupe and Milly Stockdale also negotiated leases to Frauscher Sensor Technology for 392sqm and Knosys Solutions for 274sqm at 31 Queen Street.
 

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Milly Stockdale

Director | Office Leasing

Melbourne CBD

I was recruited to the Colliers International Office Leasing team in November 2015 after building a strong reputation as an up and coming office leasing agent in the Melbourne market.

In 2017, I was promoted to Associate Director, Office Leasing following an outstanding 2016 having transacted 77 leasing deals on behalf of institutional, corporate and private clients. I strive to exceed all client expectations and ensure I always provide the highest level of client and customer service.

Thus far in 2017, I have successfully concluded 100 leasing transactions totalling 64,419sqm on behalf of my clients. 83% of these transactions were brokered which is a testament to my strong work ethic and diligence.

I have been involved in successful leasing campaigns at 385 Bourke Street (15,000sqm) on behalf of DEXUS and 2 Lonsdale Street (20,000sqm) on behalf of ISPT. This campaign also won the REIV award for Best Office Leasing Campaign for 2017.

I work diligently for my clients and am currently appointed on iconic buildings across Melbourne including Rialto, 120 Collins Street & 447 Collins Street.

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Ben Christie

National Director

Melbourne CBD

Ben has been a long standing senior member of one of the most successful Office Leasing teams in Melbourne, with 2020 being his 16th year at Colliers International. Over this period he has represented some of the nation’s biggest institutional, private and corporate clients in the Melbourne CBD and city fringe markets.

He is recognised as a strategic thinker in developing and executing successful leasing strategies that ultimately delivers outstanding results for his clients.

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Zak Seccull

Director | Office Leasing

Melbourne CBD

I have worked as a leasing operative in the  Melbourne CBD for the past eight (8) years and hold a position as a Director in the market leading Colliers International Melbourne Leasing team.

During this time I have proven to be one of the most active agents in the industry, concluding over 600 leasing transactions on behalf of my clients across new development and existing buildings in the Melbourne CBD, Docklands and Southbank precinct's to well known reputable tenants.

I am an extremely motivated and highly strategic operative that understands the leasing process and tenant’s relocation drivers.

In 2019, I concluded a total of 79 leasing transactions in the Melbourne CBD and Docklands, of which 84% of these were unrepresented tenants ranging from 8,595sqm to 45sqm in size.

I pride myself on my organisational and communication skills, which have enabled me to develop a dedicated focus that ensures my clients and tenants receive an unparalleled service.

Please feel freel to contact me to discuss your property objectives.

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