JUNE SPARKS SURGE IN BUSINESS PARK INTEREST
As the COVID-19 slump eases, companies are lining up to check out space at a major new office site in Robina, which has already secured Metricon as a tenant
THE office market has fired up this month following a COVID-19 induced slump with companies actively seeking out new space on the Gold Coast.
That includes a-grade stock with Alceon’s Acuity Business Park in Robina garnering strong interest from businesses.
CBRE’s Nick Selbie, who is leasing the project, said the market changed on June 1.
“We had a few parties put their negotiations on hold but they have all come back and re-engaged,” he said.
“June 1 was a real flick of the switch with most commercial offices back open so there has been a lot of activity since then.”
Mr Selbie said he is in negotiations with property services firms on leasing three-quarters of the top floor of the first building in the Acuity Business Park. He said prospective tenants are able to tour the building, set to be completed in mid-July.
It follows Metricon signing on for the first three levels spanning 4400sq m of space.
“It is very competitive for a-grade and new development stock.”
The space on level three is being leased for $410sq m net plus outgoings, which are estimated at $70sq m for years one and two.
The building is one of three Alceon has planned for the site with a combined gross area of 15,000sq m across the three facilities. The other two buildings are planned to have 2100sq m and 6300sq m of space.
The development, located at 209 Robina Town Centre Drive opposite the Robina train station, is the most significant new office space project in years for the Gold Coast market.
The Gold Coast City Council sold the Robina site in early 2019 for $8 million to help fund the Evandale cultural precinct in Bundall.
It purchased the block for $10.99 million in 2010 as part of a controversial plan to build a new $200 million headquarters at Southport or Robina dubbed the Taj Mahal. The plan was shelved two years later when the council purchased two buildings at Bundall to house about two-thirds of council office staff and decided to create a cultural precinct at Evandale.