The Urban Renewal precinct continues to tighten with the recent leasing of 1024 Ann Street, Fortitude Valley. In a coup for the Emporium master planned precinct, Workspace365 recently committed to a 2,350m2 full building lease on a 10-year term. Market sources suggest that a gross rental of $485-$500/sqm was achieved for the transaction.
GWC Property Group and Alceon Queensland have partnered for the repositioning and sale of 25 Montpelier Road, Newstead. In an immediate coup for the parties, Ladbrokes Digital has committed to 3,250m2 over Levels 1 & 2 on a brand new 10-year lease, taking the building to 100% occupancy.