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A U S T R A L I<br />
A<br />
C O V E R E D
JLL Leasing<br />
Transaction<br />
Summary<br />
47<br />
total number of<br />
operators nationally<br />
Tim O’Connor<br />
Head of Office Leasing –<br />
Australia<br />
19,000sqm<br />
largest single lease signed<br />
on behalf of<br />
Consolidated Properties<br />
in Brisbane<br />
MOMENTUM ACHIEVED IN 2015 WILL CONTINUE<br />
Office leasing activity is being fuelled by a strong<br />
technology sector and employment growth.<br />
Overall, Australian CBD office markets recorded positive net absorption of 296,900 sqm for 2015.<br />
Sydney and Melbourne are at the forefront of the office market recovery, recording above trend net<br />
absorption results driven by strong employment growth. The momentum that we recorded in leasing<br />
enquiry over 2015 points towards continued activity in most markets over the first part of 2016.<br />
708+ deals<br />
closed during 2015<br />
This momentum has kept JLL’s Leasing team busy. The results celebrated in this brochure are not<br />
possible without the strong partnership we enjoy with our local and global experts. This ensures all<br />
of our valued clients benefit from unrivaled insight. So, how do we ensure the best tenant is secured<br />
for every deal? We leverage our industry-leading research team of over 25 specialists that continuously<br />
monitor over 4,200 buildings nationwide, we work closely with our Valuations & Advisory business and<br />
liaise with the largest tenant representation team in Asia Pacific, to tailor data, trends and commercial<br />
insights to achieve a successful outcome.<br />
No matter how big or small, far or wide, our inside knowledge means we know who’s moving, and<br />
who’s planning to. With teams based in every major CBD, we’ve got Australia covered, but more<br />
importantly we have you covered<br />
JLL completed 708 leasing transactions totaling approximately 587,504 sqm leased in 2015.<br />
A summary of our major deals can be found overleaf.<br />
587,504sqm+<br />
leased across Australia in 2015<br />
2 3
NEW SOUTH WALES<br />
The epicentre of Sydney’s CBD continues<br />
to shift whilst Western Sydney begins to see<br />
growth and demand.<br />
The traditional epicentre of the City has shifted from the North towards the<br />
Midtown precinct and is now continuing to spread west of the CBD Core.<br />
The new towers at Barangaroo South, International Towers Sydney, are<br />
changing the Western city skyline with 3Q15 marking the partial completion<br />
of the first tower adding 59,000 sqm to stock.<br />
With the majority of the Barangaroo development still to complete, the Western<br />
Corridor will become Sydney’s second largest precinct comprising 27% of stock<br />
by the end of 2019.<br />
Widely recognised as ‘Sydney’s second CBD’, Parramatta has recently been making<br />
the headlines with the commencement of the first stage of Parramatta Square and<br />
the proposed Aspire tower – designed to be the tallest residential tower in NSW.<br />
Parramatta is a well-established hub for the State Government and in the 2014<br />
budget the NSW government announced it planned to relocate a further 1,000<br />
workers to Parramatta. Professional services firms such as Deloitte and KPMG<br />
are expanding their occupational footprint in Parramatta to meet the requirements<br />
of public and private sector clients.<br />
4 5
1 Bligh Street<br />
155 Clarence Street<br />
1 Farrer Place<br />
1 O’Connell Street<br />
Location: Sydney<br />
Location: Sydney<br />
Location: Sydney<br />
Location: Sydney<br />
Owner: Dexus/Cbus<br />
Owner: Union Investment<br />
Owner: Dexus/GPT/Lend Lease<br />
Owner: Lend Lease<br />
Tenant: SocGen, Ostone<br />
Sqm Leased: 912 (combined)<br />
Agent: Tim O’Connor & Will Hamilton<br />
Tenant: First State Super, Pivotal<br />
Sqm Leased: 2,190 (combined)<br />
Agent: Tom Mott & Alex Wong<br />
Tenant: Minerva Capital, RF Capital,<br />
Gerard Daniels<br />
Sqm Leased: 542 (combined)<br />
Agent: Will Hamilton, Sean Hennessy<br />
& Ben Turner<br />
Tenant: Lloyds, Ezidebit<br />
Sqm Leased: 1025 (combined)<br />
Agent: Daniel Kernaghan<br />
& Sean Hennessy<br />
6 7
International Towers<br />
Sydney<br />
Location: Barangaroo, Sydney<br />
Developer: Lendlease<br />
Tenants (to date): Lendlease, Westpac,<br />
Gilbert & Tobin, Swiss Re, Servcorp,<br />
HSBC, PwC, KPMG and Marsh McLennan<br />
Sqm Leased: 179,901<br />
Agent: Tim O’Connor<br />
ARTISTS IMPRESSION<br />
8 9
MLC<br />
Location: Sydney<br />
Owner: GPT & QIC<br />
Tenant: Sparke Helmore, Gov. Prop NSW,<br />
MuCulloch Robertson, Booking.com,<br />
NAOS, De Jager, Milford Asset,<br />
Hall Capital, KDB<br />
Sqm Leased: 14,380 (combined)<br />
Agent: Daniel Kernaghan, Tom Mott,<br />
Ben Turner & Alexa Mahony<br />
179 Elizabeth Street<br />
Location: Sydney<br />
Owner: Markham Real Estate<br />
Tenant: Flexigroup, Sutton Douglas,<br />
Assess Medical<br />
Sqm Leased: 4,732 (combined)<br />
Agent: Tom Mott, Alex Wong<br />
& Sean Hennessy<br />
233 Castlereagh<br />
Street<br />
Location: Sydney<br />
Owner: Visionary Investment Group<br />
Tenant: GT Wine Magazine,<br />
Hilton Australia<br />
Sqm Leased: 400<br />
Agent: Will Hamilton, Sean Hennessy<br />
& Justin Hayes<br />
20 Hunter Street<br />
Location: Sydney<br />
Owner: TH Real Estate<br />
Tenant: NAQ, Nippon Steel, Union Bank<br />
of India, Hubspot, Spark Capital, Nittetsu,<br />
Roc Oil<br />
Sqm Leased: 2,048 (combined)<br />
Agent: Justin Hayes, Tom Mott<br />
& Ben Turner<br />
10 11
80 Clarence Street<br />
Location: Sydney<br />
Owner: Shakespeare<br />
Tenant: Grey, Love Mobile<br />
Sqm Leased: 898 (combined)<br />
Agent: Ben Turner<br />
32 Martin Place<br />
Location: Sydney<br />
Owner: UOB<br />
Tenant: Maxium Legal, BBW,<br />
Causebrooks & Assoc<br />
Sqm Leased: 1,893 (combined)<br />
Agent: Justin Hayes & Sean Hennessy<br />
52 Martin Place<br />
Location: Sydney<br />
Owner: REST<br />
Tenant: Shinhan Bank<br />
Sqm Leased: 355<br />
Agent: Tim O’Connor, Sean Hennessy<br />
& Ben Turner<br />
50 Margaret Street<br />
Location: Sydney<br />
Owner: Rockworth<br />
Tenant: Frontier, IBT Media,<br />
Leverage Group, Ashdown Consulting,<br />
Maurbeni Finance<br />
Sqm Leased: 843 (combined)<br />
Agent: Justin Hayes & Sean Hennessy<br />
55 Harrington Street<br />
Location: Sydney<br />
Owner: Far East<br />
Tenant: Harrington Lawyers,<br />
Campus Estates<br />
Sqm Leased: 400 (combined)<br />
Agent: Tom Mott<br />
2 Chifley Tower<br />
Location: Sydney<br />
Owner: GIC<br />
Tenant: Archer Capital, China Telecom<br />
Sqm Leased: 448 (combined)<br />
Agent: Ben Turner & Sean Hennessy<br />
12 13
63 York Street<br />
Location: Sydney<br />
Owner: Lookahead<br />
Tenant: Ligudi Holdings<br />
Sqm Leased: 214<br />
Agent: Ben Turner<br />
420 George Street<br />
Location: Sydney<br />
Owner: Fortius & Lend Lease<br />
Tenant: Berkshire Hathaway, CBA<br />
Sqm Leased: 2,641<br />
Agent: Justin Hayes & Daniel Kernaghan<br />
99 Elizabeth Street<br />
Location: Sydney<br />
Owner: Kyko<br />
Tenant: Hoyne and Lanark – Nine<br />
Wentworth Chambers<br />
Sqm Leased: 828<br />
Agent: Justin Hayes & Will Hamilton<br />
680 George Street<br />
Location: Sydney<br />
Owner: Brookfield / Arcadia<br />
Tenant: Cohort<br />
Sqm Leased: 430<br />
Agent: Daniel Kernaghan, Alex Wong<br />
& Sean Hennessy<br />
14 15
Aurora Place<br />
Location: Sydney<br />
Owner: National Pension Fund of Korea<br />
Sqm Leased: 9,347 (combined)<br />
Tenants: STRADA, DTCC, Perennial<br />
Wealth Management, Mundipharma,<br />
McKinsey, Jones Day, People Browsr,<br />
Intermediate Capital, Garis Advisory<br />
Agent: Tom Mott, Alex Wong,<br />
Sean Hennessy & Justin Hayes<br />
39 Martin Place<br />
Location: Sydney<br />
Owner: DEXUS<br />
Tenant: Ondeck Capital<br />
Sqm Leased: 332<br />
Agent: Justin Hayes & Sean Hennessy<br />
40 King Street<br />
Location: Sydney<br />
Owner: Bledisloe Group<br />
Tenant: Morphos, Green Box, Aspect,<br />
CITI Recruitment, Merger Markets, Siren<br />
Sqm Leased: 996 (combined)<br />
Agent: Justin Hayes & Sean Hennessy<br />
52 Phillip Street<br />
Location: Sydney<br />
Owner: Kusu Investments<br />
Tenant: Enrizen Financial<br />
Sqm Leased: 380<br />
Agent: Ben Turner<br />
30 Market Street<br />
Location: Sydney<br />
Owner: Samka Pty Limited<br />
Tenant: Search Insights<br />
Sqm Leased: 93<br />
Agent: Ben Turner<br />
7 Macquarie Place<br />
Location: Sydney<br />
Owner: AMP<br />
Tenant: TTF<br />
Sqm Leased: 345<br />
Agent: Daniel Kernaghan & Justin Hayes<br />
45 Clarence Street<br />
Location: Sydney<br />
Owner: Dexus<br />
Tenant: e3 Advisory<br />
Sqm Leased: 252<br />
Agent: Justin Hayes<br />
56 Pitt Street<br />
Location: Sydney<br />
Tenant: Dexus<br />
Owner: Society One<br />
Sqm Leased: 823.4<br />
Agent: Justin Hayes<br />
31 Market Street<br />
Location: Sydney<br />
Owner: Investa<br />
Tenant: CS Lawyers,<br />
Davidson Recruitment<br />
Sqm Leased: 606 (combined)<br />
Agent: Sean Hennessy & Ben Turner<br />
280 George Street<br />
Location: Sydney<br />
Owner: Toga<br />
Tenant: Sodium Search<br />
Sqm Leased: 192<br />
Agent: Ben Turner<br />
16 17
36 Grosvenor Street<br />
37 Pitt Street<br />
67 Albert Avenue<br />
2 Help Street<br />
Location: Sydney<br />
Owner: Dexus/Arcadia/Investa<br />
Tenant: Sponge Agency, Site Improve<br />
Sqm Leased: 469 (combined)<br />
Agent: Sean Hennessy & Alexa Mahony<br />
Location: Sydney<br />
Owner: Mirvac<br />
Tenant: Domestic Violence<br />
Sqm Leased: 141<br />
Agent: Sean Hennessy<br />
Location: Chatswood<br />
Owner: CorVal<br />
Tenant: NSW Government<br />
Sqm Leased: 397<br />
Agent: Gordon McFadyen<br />
Location: Chatswood<br />
Owner: Australian Kingson Property<br />
Investments<br />
Tenant: Au Ally, Ability Options Limited,<br />
Sydney Smiles Dental<br />
Sqm Leased: 346 (combined)<br />
Agent: Jaime Kernaghan<br />
264 George Street<br />
Location: Sydney<br />
Owner: Dexus/GPT<br />
Tenant: Iris Hotel Group<br />
Sqm Leased: 222<br />
Agent: Sean Hennessy<br />
383 Kent Street<br />
Location: Sydney<br />
Owner: DEXUS<br />
Tenant: Weather Pro<br />
Sqm Leased: 138<br />
Agent: Ben Turner<br />
1 Market Street<br />
1 Alfred Street<br />
332 Kent Street<br />
12 Help Street<br />
35 Mitchell Street<br />
Location: Sydney<br />
Owner: Investa<br />
Tenant: Australian Reinsurance<br />
Sqm Leased: 485<br />
Agent: Sean Hennessy<br />
Location: Sydney<br />
Owner: Wanda One Sydney<br />
Tenant: Magnis Resources<br />
Sqm Leased: 121<br />
Agent: Sean Hennessy<br />
Location: Sydney<br />
Owner: TBC<br />
Tenant: Open Learning<br />
Sqm Leased: 350<br />
Agent: Sean Hennessy<br />
Location: Chatswood<br />
Owner: Intera Group<br />
Tenant: Lenovo Australia & New Zealand,<br />
Body Corporate Services, Huawei<br />
Sqm Leased: 2304.4 (combined)<br />
Agent: Paul Lynch<br />
Location: McMahons Point<br />
Owner: Mitchell Properties<br />
Tenant: Vizrt<br />
Sqm Leased: 450<br />
Agent: Paul Lynch<br />
18 19
55 Coonara Avenue<br />
Location: West Pennant Hills<br />
Owner: Mirvac<br />
Tenant: Lend Lease Bouyges Joint Venture<br />
Sqm Leased: 5,082<br />
Agent: Gordon McFadyen<br />
66-82 Talavera Road<br />
Location: Macquarie Park<br />
Owner: Holdmark<br />
Tenant: AstraZeneca Australia<br />
Sqm Leased: 3,026<br />
Agent: Denys Bizinger<br />
12-24 Talavera Road<br />
Location: Macquarie Park<br />
Owner: Goodman<br />
Tenant: Wipro Technologies<br />
Sqm Leased: 1,030<br />
Agent: Denys Bizinger<br />
ARTISTS IMPRESSION<br />
845 Pacific Highway<br />
Location: Chatswood<br />
Owner: Leaftide<br />
Tenant: Integrated Project Group (IPG)<br />
Sqm Leased: 85<br />
Agent: Jaime Kernaghan<br />
799 Pacific Highway<br />
Location: Chatswood<br />
Owner: Tackelly<br />
Tenant: Asthma Foundation of NSW,<br />
One + One & Realty & Northcott<br />
Sqm Leased: 823.6 (combined)<br />
Agent: Jaime Kernaghan<br />
& Gordon McFadyen<br />
40 Talavera Road<br />
Location: Macquarie Park<br />
Owner: Altis<br />
Tenant: GN ReSound<br />
Sqm Leased: 1,582<br />
Agent: Denys Bizinger<br />
68 Waterloo Road<br />
Location: Macquarie Park<br />
Owner: AMP<br />
Tenant: Fletcher Building<br />
Sqm Leased: 1,538<br />
Agent: Denys Bizinger<br />
20 21
205 Pacific Highway<br />
Location: St Leonards<br />
Owner: HCF<br />
Tenant: Sleep & Breathing<br />
Specialist Centre<br />
Sqm Leased: 106.4<br />
Agent: Jaime Kernaghan<br />
1 Thomas Holt Drive<br />
Location: Macquarie Park<br />
Owner: AMP<br />
Tenant: Paul Hartmann<br />
Sqm Leased: 1,645<br />
Agent: Denys Bizinger<br />
140 Arthur Street<br />
Location: North Sydney<br />
Owner: CorVal<br />
Tenant: London Australia Underwriting,<br />
InViewUc<br />
Sqm Leased: 363 (combined)<br />
Agent: Gordon McFadyen<br />
213 Miller Street<br />
Location: North Sydney<br />
Owner: Intera Group<br />
Tenant: MPN Project Development,<br />
Australian Catholic University<br />
Sqm Leased: 1,990 (combined)<br />
Agent: Gordon McFadyen & Paul Lynch<br />
99 Walker Street<br />
Location: North Sydney<br />
Owner: Investa<br />
Tenant: IT Newcom<br />
Sqm Leased: 279<br />
Agent: Gordon McFadyen<br />
22 23
165 Walker Street<br />
Location: North Sydney<br />
Owner: Charter Hall<br />
Tenant: Phoenix Café<br />
Sqm Leased: 105<br />
Agent: Gordon McFadyen<br />
100 Miller Street<br />
Location: North Sydney<br />
Owner: Cromwell<br />
Tenant: Rhipe Australia, JLL, Progress<br />
Software Australia<br />
Sqm Leased: 1,387 (combined)<br />
Agent: Paul Lynch & Gordon McFadyen<br />
423 Pennant Hills<br />
Road<br />
Location: Pennant Hills<br />
Owner: CorVal<br />
Tenant: NBN<br />
Sqm Leased: 421<br />
Agent: Gordon McFadyen<br />
15 Help Street<br />
Location: Chatswood<br />
Owner: Intera Group<br />
Tenant: MKM Health<br />
Sqm Leased: 189<br />
Agent: Gordon McFadyen<br />
815 Pacific Highway<br />
Location: Chatswood<br />
Owner: Linfield Developments<br />
Tenant: CMI Global<br />
Sqm Leased: 146.9<br />
Agent: Jaime Kernaghan<br />
24 25
194 – 198<br />
Lakemba Park<br />
Location: Lakemba<br />
Owner: DA Commercial<br />
Tenant: Max Employment<br />
Sqm Leased: 250<br />
Agent: Scott Butler<br />
2 Meredith Street<br />
Location: Bankstown<br />
Owner: One Investment Management<br />
Tenant: Wise Employment<br />
Sqm Leased: 371<br />
Agent: Scott Butler<br />
2-14 Meredith Street<br />
Location: Bankstown<br />
Owner: Fortius Funds MGT<br />
Tenant: Global Skills, MTC Work Solutions,<br />
Wise Employment, Catholic Care<br />
Sqm Leased: 3,607 (combined)<br />
Agent: Scott Butler<br />
33 Argyle Street<br />
Location: Parramatta<br />
Owner: Aboriginal Land Council<br />
Tenant: Next Genius, GIQIC, SPM<br />
& Rehab Management<br />
Sqm Leased: 836<br />
Agent: Scott Butler<br />
38 Prince Street<br />
Location: Parramatta<br />
Owner: Homes<br />
Tenant: Max Employment<br />
Sqm Leased: 610<br />
Agent: Scott Butler<br />
5 Rider Boulevard<br />
Location: Rhodes<br />
Owner: Mirvac<br />
Tenant: Hang Seng, Targus<br />
Sqm Leased: 1,274 (combined)<br />
Agent: Scott Butler<br />
26 27
JLL Leasing<br />
NSW Team<br />
Sydney CBD<br />
North Sydney<br />
Tim O’Connor<br />
Daniel Kernaghan<br />
Alex Wong<br />
Tom Mott<br />
Justin Hayes<br />
Will Hamilton<br />
Denys Bizinger<br />
Paul Lynch<br />
Gordon McFadyen<br />
Jaime Kernaghan<br />
Angus White<br />
Rebecca Emeny<br />
Regional Director, Head of<br />
Office Leasing - Australia<br />
National Director, Head of Office<br />
Leasing - NSW<br />
Regional Director<br />
Director<br />
Manager<br />
Manager<br />
Regional Director<br />
National Director<br />
Associate Director<br />
Senior Executive<br />
Executive<br />
Executive Assistant<br />
+61 2 9220 8680<br />
+61 2 9220 8721<br />
+61 2 9220 8536<br />
+61 2 9220 8407<br />
+61 2 9220 8585<br />
+61 2 9220 8587<br />
+61 2 9936 5876<br />
+61 2 9935 5857<br />
+61 2 9936 5840<br />
+61 2 9936 5924<br />
+61 2 9936 5844<br />
+61 2 9936 5838<br />
tim.oconnor@ap.jll.com<br />
Daniel.Kernaghan@ap.jll.com<br />
alex.wong@ap.jll.com<br />
tom.mott@ap.jll.com<br />
justin.hayes@ap.jll.com<br />
will.hamilton@ap.jll.com<br />
denys.bizinger@ap.jll.com<br />
paul.lynch@ap.jll.com<br />
gordon.mcfadyen@ap.jll.com<br />
jaime.kernaghan@ap.jll.com<br />
angus.white@ap.jll.com<br />
rebecca.emeny@ap.jll.com<br />
Parramatta<br />
Linda Ko<br />
Sean Hennessy<br />
Ben Turner<br />
Alexa Mahony<br />
Rachel Arona<br />
Scott Butler<br />
Manager<br />
Senior Executive<br />
Executive<br />
Executive<br />
Executive Assistant<br />
Associate Director<br />
+61 2 9236 8055<br />
+61 2 9220 8768<br />
+61 2 9220 8741<br />
+61 2 9220 8659<br />
+61 2 9220 8475<br />
+61 2 9806 2818<br />
linda.ko@ap.jll.com<br />
sean.hennessy@ap.jll.com<br />
ben.turner@ap.jll.com<br />
alexa.mahony@ap.jll.com<br />
rachel.arona@ap.jll.com<br />
scott.butler@ap.jll.com<br />
28 29
AUSTRALIAN<br />
CAPITAL TERRITORY<br />
Canberra is a unique leasing market which is<br />
heavily driven by the Australian Government.<br />
The last 36 months have been a time of uncertainty and instability caused by<br />
Federal Government restucture, however the Machinery of Government (MOG)<br />
changes and ‘Project Tetris’ initiatives has meant that the leasing market has<br />
remained active.<br />
The drop in total vacancy throughout 2015 (now down to 14.1%) was predominately<br />
driven by the Federal Government taking on existing subleases and outsourcing<br />
direct vacancies in both the Barton and Civic precincts.<br />
The leasing recovery gathered momentum in 2015, with annual net absorption<br />
(positive 18,000 sqm) trending well above year‐end forecasts. This activity,<br />
in tandem with the positive impact of ‘Project Tetris’, will see the positive<br />
momentum from 2015 continue into 2016.<br />
30 31
2 Phillip Law Street<br />
Location: Acton<br />
Owner: Australian Competition and<br />
Consumer Commission (ACCC)<br />
Tenant: Safe Work Australia<br />
Sqm Leased: 1,885<br />
Agent: Nathan Dunn & Aaron Green<br />
173 Strickland<br />
Crescent<br />
Location: Deakin<br />
Owner: The John James<br />
Foundation Limited<br />
Tenant: Fresenius Medical Care<br />
Australia<br />
Sqm Leased: 480<br />
Agent: Nathan Dunn<br />
65 Canberra Avenue<br />
Location: Griffith<br />
Owner: Willemsen Group<br />
Tenant: Joyce Dickson Chartered<br />
Accountants<br />
Sqm Leased: 1,050<br />
Agent: Andrew Balzanelli<br />
15 National Circuit<br />
Location: Barton<br />
Owner: KDN Group<br />
Tenant: Synergy<br />
Sqm Leased: 582<br />
Agent: Nathan Dunn & Andrew Balzanelli<br />
32 33
10 Rudd Street<br />
Location: Canberra City<br />
Owner: Strada Office Fund<br />
Tenant: Vivid Chartered Accountants<br />
Sqm Leased: 326<br />
Agent: Nathan Dunn<br />
10-12 Mort Street<br />
Location: Canberra City<br />
Owner: Growthpoint Properties<br />
Australia Limited<br />
Tenant: Commonwealth of Australia<br />
represented by the Department<br />
of Employment<br />
Sqm Leased: 15,398<br />
Agent: Andrew Balzanelli<br />
14 Childers Street<br />
Location: Canberra City<br />
Owner: Australian Reinsurance<br />
Pool Corporation<br />
Tenant: Australian Institute of Aboriginal<br />
and Torres Strait Islands<br />
Sqm Leased: 1,256<br />
Agent: Aaron Green<br />
34 35
121 Marcus Clare<br />
Street<br />
Location: Canberra City<br />
Owner: MTAA Superannuation Fund<br />
Tenant: WSP Parsons Brinckerhoff<br />
Sqm Leased: 540<br />
Agent: Nathan Dunn & Andrew Balzanelli<br />
JLL Leasing<br />
ACT Team<br />
Canberra<br />
Andrew Balzanelli<br />
Nathan Dunn<br />
Aaron Green<br />
Jane Moyle<br />
Ellie Williams<br />
Managing Director<br />
Senior Executive<br />
Senior Leasing<br />
& Sales Executive<br />
Office Manager<br />
& EA to Andrew Balzanelli<br />
Executive Team Assistant,<br />
Sales and Leasing<br />
+61 2 6274 9818<br />
+61 2 6274 9820<br />
+61 2 6274 0721<br />
+61 2 6274 9886<br />
+61 2 6274 9839<br />
andrew.balzanelli@ap.jll.com<br />
nathan.dunn@ap.jll.com<br />
aaron.green@ap.jll.com<br />
jane.moyle@ap.jll.com<br />
ellie.williams@ap.jll.com<br />
36 37
VICTORIA<br />
Leading Australia’s economic recovery,<br />
however business confidence remains<br />
conservative.<br />
The Melbourne CBD office market is now 24 months into a leasing market recovery<br />
and a record number of leasing enquires have been recorded since the start of<br />
2015, resulting in positive net absorption of 141,500 sqm over the past 12 months.<br />
Our analysis of leasing enquiry shows that 60% is for space less than 1,000 sqm<br />
which suggests organic growth in the small business sector is starting to drive<br />
economic recovery and this coupled with continued centralisation is driving<br />
leasing enquiry.<br />
There are a number of industry sectors driving activity – the most active are the<br />
professional and financial services sectors. The IT sector is also expanding and<br />
at a faster rate than other sectors as their clients seek to become more innovative<br />
with technology to boost productivity.<br />
The request for “funky….boutique space” is common and not just from technology<br />
companies. More than 68% of tenants seeking
120 Collins Street<br />
Location: Melbourne<br />
Owner: Investa<br />
Tenant: CrownBet<br />
Sqm Leased: 4,514<br />
Agent: Ashley Buller<br />
567 Collins Street<br />
Location: Melbourne<br />
Owner: Investa<br />
Tenant: Jemena<br />
Sqm Leased: 14,400<br />
Agent: James Palmer<br />
55 Collins Street<br />
Location: Melbourne<br />
Owner: AMP (ANZ sublease)<br />
Tenant: Stargate Corporation<br />
Sqm Leased: 750<br />
Agent: Ashley Buller<br />
525 Collins Street<br />
Location: Melbourne<br />
Owner: Rialto Joint Venture<br />
Tenant: Meltwater Australia<br />
Sqm Leased: 265<br />
Agent: Zak Seccull<br />
40 41
277 William Street<br />
Location: Melbourne<br />
Owner: Stamoulis Property Group<br />
Tenant: Social Research Centre,<br />
UL Transaction Security<br />
Sqm Leased: 1,480 (combined)<br />
Agent: James Palmer & Zak Seccull<br />
Bourke Place<br />
600 Bourke Street<br />
Location: Melbourne<br />
Owner: AMP Capital<br />
Tenant: Shine Corporate Services,<br />
IMF Bentham, FM Global<br />
Sqm Leased: 3,460 (combined)<br />
Agent: James Palmer & Stuart Colquhoun<br />
271 Bourke Street<br />
Location: Melbourne<br />
Owner: Great Union Pty Ltd<br />
Tenant: 24x7 Direct<br />
Sqm Leased: 521<br />
Agent: Zak Seccull<br />
Melbourne<br />
Central Tower<br />
360 Elizabeth Street<br />
Location: Melbourne<br />
Owner: The GPT Group<br />
Tenant: Reed Global and Go Markets<br />
Sqm Leased: 485 (combined)<br />
Agent: Will McLaughlin & James Palmer<br />
720 Bourke Street<br />
Location: Melbourne<br />
Owner: Cbus Property<br />
(Medibank sublease)<br />
Tenant: Porter Davis, NEC<br />
Sqm Leased: 8,944 (combined)<br />
Agent: Nick Drake & Simon Dick<br />
535 Bourke Street<br />
Location: Melbourne<br />
Owner: Juilliard Group<br />
Tenant: William Roberts Lawyers,<br />
Mastercard Asia Pacific<br />
Sqm Leased: 611 (combined)<br />
Agent: Ashley Buller & Simon Dick<br />
42 43
369 Royal Parade<br />
Location: Parkville<br />
Owner: Riverlee Corporation<br />
Tenant: Henry Schein Halas, MCCC<br />
Sqm Leased: 1,124 (combined)<br />
Agent: Richard Norman<br />
55 Southbank<br />
Boulevard<br />
Location: Southbank<br />
Owner: Taverners Property<br />
Tenant: Brookfield Multiplex Construction<br />
Sqm Leased: 462<br />
Agent: Richard Norman<br />
215 Spring Street<br />
Location: Melbourne<br />
Owner: The Knowles Group<br />
Tenant: BankVic<br />
Sqm Leased: 1,817<br />
Agent: Stuart Colquhoun<br />
276 Flinders Street<br />
Location: Melbourne<br />
Owner: Fivex Commercial Property<br />
Tenant: Slate, People to People<br />
Sqm Leased: 284<br />
Agent: Alexandra Harper, Will McLaughlin<br />
& Zak Seccull<br />
44 45
420 St Kilda Road<br />
Location: Melbourne<br />
Owner: CEL Properties<br />
Tenant: Wingate Consumer Finance,<br />
Technology One, United Recruitment,<br />
Lenovo, Mitel South Pacific<br />
Sqm Leased: 2,500 (Combined)<br />
Agent: Richard Norman & Shane Keogh<br />
818 Bourke Street<br />
Location: Melbourne<br />
Owner: Hines<br />
Tenant: ABS<br />
Sqm Leased: 3,436<br />
Agent: Ashley Buller & James Palmer<br />
411 Collins Street<br />
Location: Melbourne<br />
Owner: Commercial Unity<br />
Tenant: AF Legal, Entamio<br />
Sqm Leased: 439<br />
Agent: Zak Seccull & Nick Drake<br />
505 Little Collins<br />
Street<br />
Location: Melbourne<br />
Owner: Credit Suisse Real Estate<br />
Tenant: Study Group Australia<br />
Sqm Leased: 6,756<br />
Agent: Nick Drake & Simon Dick<br />
46 47
2-6 Railway Parade<br />
Location: Camberwell<br />
Owner: NATA<br />
Tenant: Helloworld<br />
Sqm Leased: 1,000<br />
Agent: Joshua Tebb<br />
555 Bourke Street<br />
Location: Melbourne<br />
Owner: Juilliard Group<br />
Tenant: Yarra Trams, Woods Bagot<br />
Sqm Leased: 7,222 (combined)<br />
Agent: Stuart Colquhoun<br />
390 St Kilda Road<br />
Location: Melbourne<br />
Owner: Fort Street Real Estate Capital<br />
Tenant: High Quality Property, Point<br />
Polaris, Toll Transport, Riordan Lawyers<br />
Sqm Leased: 1,321 (combined)<br />
Agent: Richard Norman & Shane Keogh<br />
6 Palmer Parade<br />
Location: Cremorne<br />
Owner: My Size<br />
Tenant: Vino Mofo<br />
Sqm Leased: 1,300<br />
Agent: Matt Brown-Greaves<br />
140 Queen Street<br />
Location: Melbourne<br />
Owner: Colonial Range<br />
Tenant: Auskey Investments,<br />
Future Corp, Katsaros and Associates,<br />
Pioneer Marketing<br />
Sqm Leased: 802 (combined)<br />
Agent: Zak Seccull & Will McLaughlin<br />
181 William Street<br />
Location: Melbourne<br />
Owner: The GPT Group<br />
Tenant: Codicote<br />
Sqm Leased: 209<br />
Agent: Will McLaughlin & Alexandra Harper<br />
48 49
600 Glenferrie Road<br />
Location: Hawthorn<br />
Owner: Banco Group<br />
Tenant: Acquire Learning<br />
Sqm Leased: 6,000<br />
Agent: Joshua Tebb<br />
350 Collins St<br />
Location: Melbourne<br />
Owner: Prime Value Asset Management<br />
Tenant: AusLink Investment<br />
Sqm Leased: 138<br />
Agent: Zak Seccull<br />
459 Collins Street<br />
44 Gwynne Street<br />
15 William Street<br />
540 Springvale Road<br />
Location: Melbourne<br />
Location: Richmond<br />
Location: Melbourne<br />
Location: Glen Waverley<br />
Owner: Juilliard Group<br />
Owner: Roche Holdings<br />
Owner: Deka Australia<br />
Owner: MH Brandon<br />
Tenant: HSL Dennings Legal, Meiji Dairy,<br />
Taylor Fry<br />
Sqm Leased: 737 (combined)<br />
Agent: Zak Seccull, Ashley Buller,<br />
Alexandra Harper & Will McLaughlin<br />
Tenant: Viatek<br />
Sqm Leased: 660<br />
Agent: Michael Simonds<br />
Tenant: AusNet Electricity Services,<br />
Mars Australia<br />
Sqm Leased: 5,700 (combined)<br />
Agent: Stuart Colquhoun & Ashley Buller<br />
Tenant: Bank Vic<br />
Sqm Leased: 340<br />
Agent: Natalie Meredith<br />
50 51
400 Collins Street<br />
16 Lakeside Drive<br />
785 Toorak Road<br />
863 High Street<br />
Location: Melbourne<br />
Owner: Fuji Xerox<br />
Tenant: Sarchi<br />
Sqm Leased: 310<br />
Agent: Simon Dick<br />
Location: Burwood East<br />
Owner: Down Ampey<br />
Tenant: Hills Health Solutions<br />
Sqm Leased: 1,205<br />
Agent: Joshua Tebb<br />
Location: Hawthorn<br />
Owner: IOOF<br />
Tenant: Transport Friendly Society<br />
Sqm Leased: 211<br />
Agent: Natalie Meredith<br />
Location: Armadale<br />
Owner: Vantage<br />
Tenant: Asurion Australia<br />
Sqm Leased: 1,000<br />
Agent: Joshua Tebb<br />
476 St Kilda Road<br />
Location: Melbourne<br />
Owner: Leopold House<br />
Tenant: MFPC, Chase Underwriting,<br />
Reliance Insurance<br />
Sqm Leased: 1,285 (combined)<br />
Agent: Richard Norman & Shane Keogh<br />
600 Victoria Street<br />
Location: Richmond<br />
Owner: Salta<br />
Tenant: Ford<br />
Sqm Leased: 2,500<br />
Agent: Joshua Tebb<br />
425 Docklands Drive<br />
Location: Melbourne<br />
Owner: Lewiac Pty Ltd<br />
Tenant: GapMaps ,SPM ,DRM<br />
Technologies, Health Networks Australia<br />
Sqm Leased: 942 (combined)<br />
Agent: Alexandra Harper<br />
& Will McLaughlin<br />
52 53
500 Collins Street<br />
Location: Melbourne<br />
Owner: Kador Group<br />
Tenant: 2 Scots Recruitment, XL Catlin,<br />
Realm Investments<br />
Sqm Leased: 927 (combined)<br />
Agent: Will McLaughlin & Simon Dick<br />
47A Wangara Road<br />
Location: Cheltenham<br />
Owner: AVG<br />
Tenant: Golf Victoria<br />
Sqm Leased: 500<br />
Agent: Michael Simonds<br />
114 William Street<br />
Location: Melbourne<br />
Owner: CorVal<br />
Tenant: Gravity<br />
Sqm Leased: 930<br />
Agent: Nick Drake<br />
12 Wesley Court<br />
Location: Burwood East<br />
Owner: Ashwater<br />
Tenant: Bionet<br />
Sqm Leased: 2,000<br />
Agent: Michael Simonds<br />
54 55
JLL Leasing<br />
VIC Team<br />
Melbourne<br />
Glen Waverley<br />
Stuart Colquhoun<br />
David Bowden<br />
James Palmer<br />
Ashley Buller<br />
Richard Norman<br />
Nick Drake<br />
Josh Tebb<br />
Michael Simonds<br />
Matt Brown-Greaves<br />
Natalie Meredith<br />
Anne Cunningham<br />
Director- Head of Office<br />
Leasing Victoria<br />
Managing Director, Victoria<br />
National Director<br />
Director<br />
Associate Director<br />
Associate Director<br />
Director<br />
Associate Director<br />
Manager<br />
Executive<br />
Executive Assistant<br />
+61 3 9672 6531<br />
+61 3 9672 6603<br />
+61 3 9672 6611<br />
+61 3 9672 6692<br />
+61 3 9672 6636<br />
+61 3 9672 6637<br />
+61 3 9565 6617<br />
+61 3 9565 6614<br />
+61 3 9565 6658<br />
+61 3 9565 6605<br />
+61 3 9565 6613<br />
stuart.colquhoun@ap.jll.com<br />
david.bowden@ap.jll.com<br />
james.palmer@ap.jll.com<br />
ashley.buller@ap.jll.com<br />
richard.norman@ap.jll.com<br />
nick.drake@ap.jll.com<br />
joshua.tebb@ap.jll.com<br />
michael.simonds@ap.jll.com<br />
matt.browngreaves@ap.jll.com<br />
natalie.meredith@ap.jll.com<br />
anne.cunningham@ap.jll.com<br />
Simon Dick<br />
Shane Keogh<br />
Will McLaughlin<br />
Zak Seccull<br />
Alexandra Harper<br />
Adele van der Merwe<br />
Senior Executive<br />
Senior Executive<br />
Executive<br />
Executive<br />
Executive<br />
Executive Assistant<br />
+61 3 9672 6637<br />
+61 3 9672 6631<br />
+61 3 9672 6628<br />
+61 3 9672 6561<br />
+61 3 9672 6548<br />
+61 3 9672 6547<br />
simon.dick@ap.jll.com<br />
shane.keogh@ap.jll.com<br />
will.mclaughlin@ap.jll.com<br />
zak.seccull@ap.jll.com<br />
alexandra.harper@ap.jll.com<br />
adele.vandermerwe@ap.jll.com<br />
56 57
QUEENSLAND<br />
The Queensland economy continues to undergo<br />
a transition away from the resource sector<br />
more towards broad based growth.<br />
At the same time the Brisbane office market is struggling with a difficult combination<br />
of historically high vacancy combined with a large development pipeline. Brisbane<br />
is currently undergoing a cycle of re-generation with some of its largest ever projects<br />
currently planned or underway. With every $1 million invested in construction<br />
estimated to result in $3 million created for the domestic economy, the sheer<br />
volume of major construction projects and upgrades should generate thousands<br />
of jobs for Queensland.<br />
Tenants are taking advantage of the current soft leasing market and are choosing<br />
to upgrade their office space at highly attractive rents. This is leaving behind vacant<br />
secondary space – JLL has identified up to 194,000 sqm (equivalent to 9% of stock)<br />
which could be withdrawn over the next five years for conversion, refurbishment<br />
or demolition.<br />
While mining will remain important to the Brisbane office market we may be about<br />
to witness a broader based recovery driven by professional services, education<br />
and construction, as well as secondary jobs from tourism growth.<br />
It should be noted that while demand may have turned a corner, Brisbane’s office<br />
supply pipeline remains strong and it may be some time before any improvement<br />
in demand translates to falling vacancy and substantial rental growth.<br />
58 59
1 King Street<br />
Location: Fortitude Valley<br />
Owner: Lend Lease<br />
Tenant: Ezidebit, Pragmatic Training<br />
Sqm Leased: 5,463 (combined)<br />
Agent: Sam Barr & Adam Barrett<br />
900 Ann Street<br />
Location: Fortitude Valley<br />
Owner: Consolidated Properties<br />
Tenant: Aurizon<br />
Sqm Leased: 19,000<br />
Agent: Adam Barrett<br />
300 Queen Street<br />
Location: Brisbane CBD<br />
Owner: Seymour Group<br />
Tenant: Goodman Private Wealth Sentinel<br />
Sqm Leased: 1,028<br />
Agent: James Montague<br />
60 ARTIST’S IMPRESSION<br />
ARTISTS IMPRESSION<br />
61
33 Park Road<br />
Location: Milton<br />
Owner: Private Syndicate<br />
Tenant: Estee Lauder, Nautilis Minerals<br />
Sqm Leased: 1,977 (combined)<br />
Agent: Gerry Leyden & Sam Barr<br />
239 George Street<br />
Location: Brisbane CBD<br />
Owner: Investa<br />
Tenant: City Beach<br />
Sqm Leased: 2,626<br />
Agent: James Montague<br />
301 Coronation Drive<br />
Location: Milton<br />
Owner: Bachrach<br />
Tenant: Clough<br />
Sqm Leased: 2,130<br />
Agent: Sam Barr<br />
333 Ann Street<br />
Location: Brisbane CBD<br />
Owner: Growthpoint<br />
Tenant: Prosperity Advisors<br />
Sqm Leased: 410<br />
Agent: Sam Allam<br />
140 Creek Street<br />
Location: Brisbane CBD<br />
Owner: Investa<br />
Tenant: SAP<br />
Sqm Leased: 3,713<br />
Agent: Gerry Leyden<br />
62 63
44 Musk Avenue<br />
Location: Kelvin Grove<br />
Owner: Generation Healthcare REIT<br />
Tenant: RSL Care<br />
Sqm Leased: 3,358<br />
Agent: Gerry Leyden & Sam Barr<br />
Stanley Street House<br />
Location: South Brisbane<br />
Owner: LaSalle Investment Management<br />
Tenant: WPP<br />
Sqm Leased: 1,991<br />
Agent: Gerry Leyden & Sam Barr<br />
21 Brandl Street<br />
41 O’Connell Terrace<br />
199 Grey Street<br />
BTP Northshore<br />
Location: Eight Mile Plains<br />
Owner: Greystone<br />
Tenant: Woolworths<br />
Sqm Leased: 3,260<br />
Agent: Sam Barr<br />
Location: Bowen Hills<br />
Owner: CBIC<br />
Tenant: State Government<br />
Sqm Leased: 3,600<br />
Agent: Sam Barr & Gerry Leyden<br />
Location: South Brisbane<br />
Owner: Private<br />
Tenant: State Government<br />
Sqm Leased: 2,220<br />
Agent: Sam Barr & Gerry Leyden<br />
Location: Hamilton<br />
Owner: Alceon/Greystone<br />
Tenant: Fujitsu and Sandhills Publishing<br />
Sqm Leased: 1,800 (combined)<br />
Agent: Sam Barr & Gerry Leyden<br />
64 65
235 Edward Street<br />
Location: Brisbane CBD<br />
Owner: Primerica<br />
Tenant: Dunn & Moran<br />
Sqm Leased: 230<br />
Agent: Sam Allam<br />
JLL Leasing<br />
Queensland<br />
Team<br />
141 Queen Street<br />
Location: Brisbane CBD<br />
Owner: QIC<br />
Tenant: Structural Projects<br />
Sqm Leased: 241<br />
Agent: Sam Allam<br />
Brisbane<br />
Adam Barrett<br />
Sam Barr<br />
James Montague<br />
Gerry Leyden<br />
Brandon Ciocca<br />
65 Park Road<br />
National Director, Head of Office<br />
Leasing QLD<br />
+61 7 3231 1315<br />
Director<br />
+61 7 3231 1341<br />
Director<br />
+61 7 3231 1302<br />
Director<br />
+61 7 3231 1348<br />
Executive<br />
+61 7 3231 1483<br />
Location: Milton<br />
adam.barrett@ap.jll.com<br />
sam.barr@ap.jll.com<br />
james.montague@ap.jll.com<br />
gerry.leyden@ap.jll.com<br />
brandon.ciocca@ap.jll.com<br />
Owner: Canberra Raiders Rugby League<br />
Tenant: Ray White Industrial Milton<br />
Sqm Leased: 228<br />
Agent: Brandon Ciocca<br />
Sam Allam<br />
Alex Cameron<br />
Kelly Mitchell<br />
Executive<br />
Analyst<br />
Executive Assistant<br />
+61 7 3231 1469<br />
+61 7 3231 1479<br />
+61 7 3231 1306<br />
sam.allam@ap.jll.com<br />
alex.cameron@ap.jll.com<br />
kelly.mitchell@ap.jll.com<br />
66 67
SOUTH AUSTRALIA<br />
Don’t judge a book by its cover - Adelaide is<br />
performing better than it seems.<br />
If you were to assess Adelaide’s performance based on statistics, you wouldn’t see<br />
a very appealing story. With low net absorption, high vacancy and minimal rental<br />
growth, Adelaide appears to be struggling to get back on its feet. However, all is<br />
not as it seems. The vacancy rate has risen throughout 2015, due to amount of<br />
new stock coming to market, which historically has been a key indicator to predict<br />
a strong real estate market moving forward.<br />
Adelaide’s moderate performance in 2015, spurred a trend towards centralisation<br />
and consolidation that has driven a number of large lease transactions in the last<br />
12-18 months. With high incentives on offer, particularly in the CBD, tenants have<br />
been able to upgrade and direct incentives towards either educing recurring costs<br />
or towards capital costs for fitout.<br />
The desire to escape old and obsolete fitout is also proving to be a powerful driver,<br />
especially when new fitouts can drive efficiency and reduce footprint and ultimately<br />
cost. With incentives now at a level that can fully fund a new fitout, the case for<br />
relocation is made slightly easier.<br />
68 69
50 Flinders Street<br />
Location: Adelaide<br />
Owner: Cbus Property<br />
Tenant: People’s Choice Credit Union,<br />
Santos<br />
Sqm Leased: 17,000 (combined)<br />
Agent: Tom Budarick<br />
420 King William<br />
Street<br />
Location: Adelaide<br />
Owner: Edge Developments<br />
Tenant: Maurice & Blackburn Lawyers<br />
Sqm Leased: 320<br />
Agent: Leigh Perkins<br />
12 Gilles Street<br />
Location: Adelaide<br />
Owner: IOCane ST P/L<br />
Tenant: DRA Computing<br />
Sqm Leased: 196<br />
Agent: Leigh Perkins<br />
205 Port Road<br />
Location: Adelaide<br />
Owner: Unidex Consulting<br />
Tenant: Frontline HR<br />
Sqm Leased: 140<br />
Agent: Tom Budarick<br />
25 Grenfell Street<br />
Location: Adelaide<br />
Owner: GDI Funds Management<br />
Tenant: Regus<br />
Sqm Leased: 1077<br />
Agent: Leigh Perkins<br />
44 Waymouth Street<br />
Location: Adelaide<br />
Owner: Aretzis Holdings<br />
Tenant: YMCA<br />
Sqm Leased: 300<br />
Agent: Leigh Perkins<br />
490-494 Regency<br />
Road<br />
Location: Adelaide<br />
Owner: Our Lady of the Sacred<br />
Heart College<br />
Tenant: Workskil<br />
Sqm Leased: 305<br />
25 Grenfell Street<br />
Location: Adelaide<br />
Owner: GDI Funds Management<br />
Tenant: Funds SA<br />
Sqm Leased: 765<br />
Agent: Leigh Perkins<br />
Agent: Tom Budarick<br />
108 King William<br />
Street<br />
Location: Adelaide<br />
Owner: Novus Consulti<br />
Tenant: PepinNini Minerals<br />
Sqm Leased: 165<br />
Agent: Leigh Perkins<br />
199 Grenfell Street<br />
Location: Adelaide<br />
Owner: Moir Super No. 3<br />
Tenant: ADM Trading<br />
Sqm Leased: 685<br />
Agent: Tom Budarick<br />
252-254 Halifax<br />
Street<br />
Location: Adelaide<br />
Owner: Susan Annabel Greenham<br />
& Peter John Greenham<br />
Tenant: Madec<br />
Sqm Leased: 300<br />
Agent: Tom Budarick<br />
170 Greenhill Road<br />
238 Angas Street<br />
108 Reservoir Road<br />
199 Grenfell Street<br />
Location: Adelaide<br />
Owner: Gleneden Investments<br />
Tenant: Make Your Business Count<br />
Sqm Leased: 339<br />
Agent: Leigh Perkins<br />
Location: Adelaide<br />
Owner: Sagna<br />
Tenant: CDM Smith<br />
Sqm Leased: 125<br />
Agent: Tom Budarick<br />
Location: Adelaide<br />
Owner: 108 Reservoir Road<br />
Tenant: SYC - Service to Young Council<br />
Sqm Leased: 196<br />
Agent: Tom Budarick<br />
Location: Adelaide<br />
Owner: Moir Super No 3<br />
Tenant: AACQA - Australian Aged Care<br />
Quality Agency<br />
Sqm Leased: 500<br />
Agent: Tom Budarick<br />
70 ARTISTS IMPRESSION<br />
71
44 Waymouth Street<br />
Location: Adelaide<br />
Owner: Aretzis Holdings<br />
Tenant: Blaze Advertising<br />
Sqm Leased: 230<br />
Agent: Leigh Perkins<br />
186 Greenhill Road,<br />
Parkside<br />
Location: Adelaide<br />
Owner: Kellogg Brown & Root<br />
Tenant: Viterra<br />
Sqm Leased: 2,500<br />
238 Angas Street<br />
Location: Adelaide<br />
Owner: Sagna<br />
Tenant: Doctors<br />
Sqm Leased: 295<br />
Agent: Leigh Perkins<br />
JLL Leasing<br />
SA Team<br />
Agent: Tom Budarick<br />
170 Greenhill Road<br />
Location: Adelaide<br />
25 Grenfell Street<br />
Location: Adelaide<br />
20 King William<br />
Street<br />
Adelaide<br />
Owner: Angelos<br />
Tenant: Axieo<br />
Sqm Leased: 60<br />
Agent: Tom Budarick<br />
Owner: GDI Funds Management<br />
Tenant: Government of South Australia<br />
Sqm Leased: 5,833<br />
Agent: Tom Budarick<br />
Location: Adelaide<br />
Owner: Fergus Trust<br />
Tenant: GRA Cosway<br />
Sqm Leased: 115<br />
Agent: Leigh Perkins<br />
Tom Budarick<br />
James Dawson<br />
Amelia Clarke<br />
13 Greenhill Road<br />
Location: Adelaide<br />
Owner: Leighton Construction<br />
Tenant: Infor Global Solutions<br />
Sqm Leased: 563<br />
Agent: Leigh Perkins<br />
38 Gawler Place<br />
Location: Adelaide<br />
Owner: Karymall<br />
Tenant: AITA<br />
Sqm Leased: 147<br />
Agent: Leigh Perkins<br />
18-22 Hurtle Parade<br />
Location: Adelaide<br />
Owner: Joseph Melisi<br />
Tenant: Blackmores<br />
Sqm Leased: 200<br />
Agent: Tom Budarick<br />
Director - Head of Office Leasing<br />
South Australia<br />
+61 8 8233 8898<br />
tom.budarick@ap.jll.com<br />
Associate Director<br />
+61 8 8233 8827<br />
james.dawson@ap.jll.com<br />
Team Assistant<br />
+61 8 8233 8859<br />
amelia.clarke@ap.jll.com<br />
420 King William<br />
Street<br />
Location: Adelaide<br />
Owner: BDO<br />
Tenant: Holman Hodge<br />
Sqm Leased: 628<br />
Agent: Leigh Perkins<br />
57 Unley Road<br />
Location: Adelaide<br />
Owner: The Fountain Corner<br />
Superannuation Fund<br />
Tenant: Tabscom<br />
Sqm Leased: 111<br />
Agent: Leigh Perkins<br />
72 73
WESTERN<br />
AUSTRALIA<br />
Perth continued to feel the effects of record<br />
high supply and low withdrawals.<br />
With vacancy of less than 1% in 2006 and 2007, the investment phase of the<br />
mining boom triggered a strong construction cycle in the Perth CBD office<br />
market. Between 2009 and 2012, 316,000 sqm of office space was added<br />
to stock. This was supported by very strong growth in office demand in 2010,<br />
2011 and the first half of 2012.<br />
Fast-forward to 2015, and the Perth office market is in a very different place.<br />
Vacancy has risen steadily since 2012, currently at 19.6%, with negative<br />
net absorption of 42,000 sqm recorded in 2015. With the transition from<br />
the construction to the production stage of the mining boom well and truly<br />
under way, and decade-low iron ore and oil prices, the impact is being felt<br />
by tenants in the Perth CBD office market.<br />
Contractions and consolidations by mining companies, engineering firms,<br />
and businesses servicing the resource industry have impacted heavily on<br />
vacancy, with this trend expected to continue through 2016. An additional<br />
149,000 sqm of office supply entered the market in 2015, the highest year<br />
of supply additions since 1982.<br />
74 75
1 Nash Street<br />
Location: Perth<br />
Owner: Charter Hall<br />
Tenant: JDSI Consulting Engineers<br />
Sqm Leased: 1,950<br />
Agent: Ross Skelton<br />
225 St Georges<br />
Terrace<br />
Location: Perth<br />
Owner: Charter Hall<br />
Tenant: Hogan Lovells<br />
Sqm Leased: 725<br />
Agent: Nick Van Helden<br />
50 William Street<br />
Location: Perth<br />
Owner: Silverleaf Investments<br />
Tenant: Anglican Schools Commission Inc<br />
Sqm Leased: 2,498<br />
Agent: Mitchell White<br />
120 Roe Street<br />
Location: Northbridge<br />
Owner: Hardie Finance<br />
Tenant: SAE Institute<br />
Sqm Leased: 1,814<br />
Agent: David Evans<br />
76 77
170 Railway Parade<br />
Location: West Leederville<br />
Owner: Qube Property Group<br />
Tenant: Thales<br />
Sqm Leased: 1,517<br />
Agent: Mitchell White<br />
JLL Leasing<br />
WA Team<br />
Perth<br />
Nick Van Helden<br />
David Evans<br />
Warren Wright<br />
Ross Skelton<br />
Mitchell White<br />
Molly Langley<br />
32 St Georges<br />
Terrace<br />
Head of Office Leasing - WA<br />
& Regional Director<br />
+61 8 9483 8423<br />
nick.vanhelden@ap.jll.com<br />
Regional Director<br />
+61 8 9483 8432<br />
david.evans@ap.jll.com<br />
National Director<br />
+61 8 9483 8468<br />
warren.wright@ap.jll.com<br />
Associate Director<br />
+61 8 9483 8463<br />
ross.skelton@ap.jll.com<br />
Associate Director<br />
+61 8 9483 8455<br />
mitchell.white@ap.jll.com<br />
Executive Assistant<br />
+61 8 9483 8401<br />
molly.langley@ap.jll.com<br />
Location: Perth<br />
Owner: Golden Group<br />
Tenant: Slater & Gordon<br />
Sqm Leased: 1,342<br />
Agent: Nick Van Helden<br />
78 79
ACT<br />
Level 7<br />
121 Marcus Clarke Street<br />
Canberra ACT 2601<br />
Tel: +61 2 6274 9888<br />
NSW<br />
Level 25, 420 George Street<br />
Sydney NSW 2000<br />
Tel: +61 2 9220 8500<br />
QLD<br />
Level 33, Central Plaza One<br />
345 Queen Street<br />
Brisbane QLD 4000<br />
Tel: +61 7 3231 1311<br />
SA<br />
Level 22, Grenfell Centre<br />
25 Grenfell Street<br />
Adelaide SA 5000<br />
Tel: +61 8 8233 8888<br />
VIC<br />
Level 40, 101 Collins Street<br />
Melbourne VIC 3000<br />
Tel: +61 3 9672 6666<br />
WA<br />
Level 29, Central Park<br />
152-158 St Georges Terrace<br />
Perth WA 6000<br />
Tel: +61 8 9322 5111<br />
jll.com.au/leasing
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