NEW LOOK IN STORE FOR SEABANK AS FIRST STAGE OF WORKS BEGINS
SEABANK owner Strada Office Fund will next week begin on the first stage of works at the Southport CBD office tower.
The Sydney-based fund, which paid more than $34 million for the 12 Marine Pde property last year, will undertake work to improve the aesthetics of the foyer, including a new floor finish, feature timber panelling, new handrails, and signage.
The works are scheduled to start on Monday and be completed before Christmas.
Strada is also reviewing plans to refurbish the Short St entrance and landscaping works for the gardens at the front of the building.
Knight Frank, which manages the asset, in an email to tenants said the works were an initiative by Strada intended to reposition the building as the premier commercial office address in Southport. The tenant list has suffered recently with the loss of IBM, which has moved to Wyndham Corporate Centre.
The Gold Coast Bulletin is a tenant at Seabank.
Strada Office Fund is an unlisted property trust that is part of Strada Group, headed by managing director Scott Barlow.