Times Education set to open up first college in Brisbane
Times Education Group Australia will be setting up its first Brisbane base next month after taking up 2,500sqm across five floors at 316 Adelaide Street in Brisbane CBD.
The seven year lease commences in April, after which the Sydney based provider will do a fitout over 5 floors including ground level, and open just in time for the student enrolment in July.
Roland Dean of Colliers International was exclusively appointed by MRL Investments to lease the building after Flight Centre vacated 5,000sqm upon lease expiry. The rates in the building are going for $525-$550/sqm.
“As the owner-manager of private vocational and English colleges in Australia, Times Education continues to expand its international presence across the Asia-Pacific region,” said Mr Dean.
“I made first contact with Times Education about 12 months ago to assist them with office space requirements for their expansion into Brisbane.
“316 Adelaide Street has recently undergone major renovation and ground floor amenity and is perfectly suited for registered training organisations,” Mr Dean said.
“It is an ideal location for them as the building is within close proximity of all modes of transports, amenity and student accommodation at 363 Adelaide Street.
“We are seeing a trend of educational providers moving into the Brisbane CBD, after negotiating four leases with separate education groups in the last 12 months.
“The sector continues to be very active, with international education services contributing $2.7 billion to the state’s economy, according to Study Queensland.
“This scope of opportunity combined with commercially attractive rents, ideal climate, lifestyle and easy accessibility, is making it easier for providers to establish their presence in the City.”