The Australian Institute of Company Directors (AICD) is expanding its Brisbane premises and by moving from its existing 300sqm at 40 Creek Street to 1,000sqm in the recently refurbished Riverside Centre.
The AICD will relocate to the Riverside Centre in April where it will take out the majority of level 9, with the initial lease term being 7 years.
Mark Grant from White & Partners, a tenant representative, negotiated the lease with Roland Dean and Matt Kearney of Colliers International, who are marketing the building on behalf of the GPT Wholesale Office Fund (GWOF).
“AICD were looking for an opportunity to completely reposition their Brisbane headquarters, and offer their clientele a state-of-the-art fully customised facility,” Mr Dean said.
“They are planning for future growth and wanted premium quality accommodation in a prime location which Riverside Centre is renowned for.”
The iconic Harry Seidler-designed Riverside Centre recently underwent a $30 million upgrade which included a new lobby and food court, a fresh design and landscaping for the plaza area and a state-of-the-art building management system. Located in the heart of Brisbane’s prestigious ‘Golden Triangle’ on the Brisbane River, the Riverside Centre is 100 per cent owned by GWOF.
“Level 9 features expansive and uninterrupted views of Brisbane River and Story Bridge, and includes a balcony which was another added bonus.” Mr Dean said.
“Flight to quality and expansion were the primary reasons for AICD to look into other options. This follows the trend that our team has experienced in 2016, where expansion (at 34%) was the highest motivator for tenants to find new office space in Brisbane CBD and fringe.”