Not for relase or distribution in the US.
AMP Capital announced today that Downer EDI Limited (Downer), a leading provider of integrated services in Australia and New Zealand, has signed a new eight-year lease for over 7,000 square metres at 135 Coronation Drive, Milton Green.
This deal, which includes signage rights, follows the announcement by Downer that they will be consolidating their South Brisbane and Woolloongabba offices into a central site at Milton Green. Downer is expected to occupy the site by early 2019. Their move to Milton Green is the second location that Downer occupy with AMP Capital, with the group also occupying space at 469 LaTrobe Street, Melbourne.
AMP Capital’s Managing Director, Office and Industrial, Luke Briscoe said this commitment from Downer reflects the demand for this precinct which is delivering on its vision to provide a dynamic workspace that celebrates a balanced work-life.
“We are proud to extend our partnership with Downer and welcome the broader Downer team to this unique precinct which offers so much to both our on-site customers and the wider community. Supporting our customers in their business is a key focus for AMP Capital and this commitment reflects our longstanding partnership and desire to work more closely with our customer base.”
Downer joins two other major occupiers who have recently relocated from other precincts to the Milton Green community - Vodafone who has leased 587sqm and Queensland Tertiary Administration Centre (QTAC) who has leased 1,344sqm.
Downer chose Milton Green for its location with easy access to the CBD and public transport and its dynamic state-of-the-art workplace which offers plenty of amenity, end of trip and meeting facilities.
“The new office is the start of an exciting new chapter in our history and will signify a fundamental shift in the way we work. We wanted the additional space of a larger building to allow us to consolidate three Queensland offices, bringing Downer’s teams together in one central location and to have a space where our teams can share ideas and collaborate better,” said Downer’s Group Head of Procurement, Property and Security, Derek Yen.
Customers continue to respond positively to the ongoing commitment of co-owners AMP Capital Diversified Property Fund (ADPF) and Sunsuper to invest in significant upgrades including a rebrand and the delivery of a $6 million investment program which included new outdoor urban spaces, new food and beverage retailers and new end of trip facilities.
Through the remainder of 2018 and into 2019 more upgrades are planned, including a new third space, additional common areas gardens and further external spaces for Milton Green customers to enjoy.
The 51,000sqm commercial hub includes six commercial buildings and nine retailers. The precinct also includes weekly farmers markets, pop up food trucks, a child-care facility, public carparking facilities and an on-site customer experience manager who curates weekly events and programs such as yoga, and networking functions.
While every care has been taken in the preparation of this article, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) and AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) makes no representations or warranties as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. Past performance is not a reliable indicator of future performance. This article has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. An investor should, before making any investment decisions, consider the appropriateness of the information in this article, and seek professional advice, having regard to the investor’s objectives, financial situation and needs. This article is solely for the use of the party to whom it is provided.