NEWS

Adelaide’s commercial property industry continues to grow

Colliers International’s Adelaide office relocates to EY building on King William Street to accommodate growth and activity

Colliers International’s Adelaide office has relocated the EY building on the corner of King William and Waymouth streets, a timely move to accommodate expected growth and activity during the next five to 10 years.

The South Australia branch of the market-leading global commercial real estate services provider has been trading from its new office since May 15, after 17 years at 99 Gawler Place.

The ninth-floor tenancy features a bespoke design to provide a best-in-class vehicle for the company’s growth. The net lettable area leased is a reduction in square-metre terms from the Gawler Place tenancy, while still accommodating a great number of people, increasing client meeting paces and enhancing front-of-house amenities.

Colliers International’s state chief executive for South Australia, James Young, said the new office had an activity-focused design based on staff collaboration.

“We have had a stable headcount in Adelaide for some time now but we are planning for growth,” he said.

“Our relocation is all about creating a platform to optimise our growth aspirations. The EY building is ideally suited to play a role in this strategy. Not only does the technical and physical platform meet every need, the amenity we will enjoy from the GPO to Victoria Square, to the Town Hall and up and down King William Street, is quintessentially Adelaide.”

Mr Young said that being a tenant in the current office leasing market provided a valuable opportunity to “walk the talk”.

“With CBD vacancies sitting above the long-term average of 12 per cent and leasing incentives being where they are, the business case is compelling for occupiers to trade up their accommodation to assist meeting the strategic objectives that premises can deliver,” he said.

“Retention and attraction of talent, enhanced productivity, collaboration, client sharing and staff engagement are some of the factors that many organisations strive to optimise.

“We’ve thoroughly enjoyed the transition to the new office and look forward to continuing our presence as advocates for what our own brand of workplace can deliver.”

Colliers International’s relationship with its landlord, Motor Accident Commission, which owns both the Gawler Place and King William Street offices, made for a seamless relocation process.

Colliers International South Australia Adelaide Ernst Young building King William Waymouth office move

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