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