1. Presentation for the Leasing of 123 Albert Street, Brisbane
A Place of Excellence
123Albert
2. 123 Albert
Introduction
Team
Matt Kearney
Accountable for campaign success
National Director | Brisbane CBD
Kyle Cully
Director | Brisbane CBD
Simon Hunt
Managing Director | Office Leasing
Joseph Dean
National Director | Brisbane CBD
Presenting Today
The opportunity to rethink, redesign and remake 123 Albert
into a Place of Excellence will be our biggest priority.
Amy Mitchell
Director | Tenant Advisory
Brisbane CBD
4. 123 Albert
Leasing
Strategy
The Heart of Brisbane’s Most
Anticipated 24/7 Destination ROMA STREET
TRAIN STATION
CENTRAL
TRAIN STATION
CHARLO
TTE
ST
M
ARY
ST
M
ARGARET
ST
GARDENSPOINTRD
GREYST
RUSSEL ST
LITTLESTANLEYST
ERNEST ST
M
AIN
DR
ALICE
ST
ALICE
ST
CHELM
SFO
RD
LN
ELIZABETH
ST
Q
UEEN
ST
ROMA ST
Q
UEEN
ST
EAGLEST
EAGLE
LN
BURNETT
LN
ANN
ST
TURBO
T
ST
TURBOT ST
TANK
ST
CREEK
ST
HUTTO
N
LN
GEO
RGE
ST
GEO
RGE
ST
N
Q
UAY
VICTORIA BRIDGE
PACIFIC
HW
Y
PACIFIC
HW
Y
PACIFIC
HW
Y
W
ILLIAM
ST
EDW
ARD
ST
FELIX
ST
ALBERT
ST
ALBERT
ST
W
ICKHAM
TERRACE
BRISBANE
RIVER
A Place of Excellence
123Albert
Queen St
Mall 3 mins
Eagle St
Pier 6 mins
Myer Centre
3 mins
Albert St
Station 1 min
Mary Lane
Development 4 mins
Brisbane
Quarter 6 mins
Waterfront Precinct
Redevelopment 4 mins
Queensland University
of Technology 9 mins
CROSS RIVER RAIL LINE
Mary Lane Development City Botanic Gardens
Queen St Mall Waterfront Precinct
Albert St Station Queens Wharf
Midtown Centre
2 mins
Queens Wharf
Development 5 mins
1 William St & Gov
Buildings 8 mins
City Botanic
Gardens 5 mins
5. 123 Albert
Leasing
Strategy A Place of Excellence
01 Remaking a
Place of Excellence
02 Premium
Leasing Strategy
03 Value Leasing
Strategy
Value to Dexus:Value to Dexus: Value to Dexus:
Rethink, redesign
and remake
Attract the highest
calibre of tenants
Reduce downtime
and capital costs
6. 123 Albert
Leasing
Strategy
Modern and Activated
Lobby and Entrance
Repositioning
123 Albert
Natural Elements and
Finishes, Landscaping
and Seating
Striking Architectural
Connection for the Lobby
and Ground Floor
Set a New Benchmark
for the EOT
On-site Amenity - Wellness,
Flexible Working, Childcare
and Retail
Upgrade Floors to a
Premium Standard
Enhanced Natural Flow
The new Premium to meet the converging needs of all tenants
Remaking A Place of Excellence
7. 123 Albert
Leasing
Strategy Premium Leasing Strategy
We believe the values and aspirations of top tier occupiers will largely align
with our values and aspirations for 123 Albert - A Place of Excellence
Building Signage / Naming High-rise Floor Proposition
Albert Station Precinct Repositioned Building Amenity
8. 123 Albert
Value Leasing Strategy
Broad Tenant Appeal Access to Improved Amenity – Building/Precinct
Existing Fit Out Advantage
Leasing
Strategy
Cost Effective Redesign Options
9. 123 Albert
Target
Tenants Premium Tenant
Feedback from the Local Partnership 16 July 2019:
• Strong view that the firm must relocate before 2023
• Next generation agile workplaces in all major markets except Brisbane where “all we got was an end of lease tart up”
• Location must be core CBD - QLD Govt (inc GOC’s) are KPMG’s number one client in Queensland
• Key drivers: next generation building and workplace, amenity and profile
EXISTING PREMISES STREET ADDRESS AREA (m2
) LEASE EXPIRY + OPTION/S
Levels 14-19 71 Eagle Street 7,200 30 September 2023
Michael Hiller
Partner at KPMG
David Ibels
Partner at KPMG
Meeting with Local
Partner and Premises
Committee member
Rebecca King
Executive Assistant to
QLD Chairman at KPMG
Paul Morris
Partner, Real Estate
Advisory Services
at KPMG
Key Local Influencers and Premises Committee Members:
10. 123 Albert
Target
Tenants Value Tenant
Brief to market anticipated in market now requirement: 10-30,000m2
• Assets such as 41 George Street, 54 Mary Street and 63 George Street do not meet
the Government’s standard
• Preference for fitted out space which can be repurposed e.g. 60 Albert Street
and 275 George Street
• There is pent-up demand from several departments and agencies
• Public Works are currently under resourced
• October 2020 State Election
EXISTING PREMISES STREET ADDRESS AREA (m2
) LEASE EXPIRY
Location 1 41 George Street 28,080 April 2021
Location 2 30-54 Mary Street 22,877 April 2021
Location 3 53 Albert Street 15,832 February 2022
Location 4 63 George Street 9,902 April 2023
Location 5 140 Creek Street 9,633 November 2023
Location 6 60 Albert Street 19,042 November 2023 - June 2024
Colliers Relationships
• Key department
stakeholders (Amy
Mitchell)
• Michael Longley,
Manager - Lease &
Property Management
- QGAO (Matt
Kearney)
11. 123 Albert
Queensland Government Major Expiries
41 George St (Mineral House)
63 George St
30-54 Mary St (Education House)
140 Creek St
53 Albert St
60 Albert St (AM60)
Owner
AEP Investment
Management
Area 28,080m2
Expiry 30 Apr 2021
Occupiers:
Housing & Public Works,
Agriculture & Fisheries,
Building Industry & Policy,
QLD Health Management.
Owner QIC
Area 9,902m2
Expiry 30 Apr 2023
Occupiers:
Employment, small Business
and Training, Building
Industry & Policy, Justice
and Attorney General,
QSuper Limited.
Owner QIC
Area 22,877m2
Expiry 30 Apr 2021
Occupiers:
Department of Education.
Owner
Oxford
Properties
(Ashe Morgan
in DD)
Area 9,633m2
Expiry 30 Nov 2023
Occupiers:
Department of Housing
and Public Works,
Innovation, Tourism and
Industry, Development.
Owner JP Morgan
Area 15,832m2
Expiry 5 Feb 2022
Occupiers:
Queensland Ombudsman’s
Office, Queensland Audit
Office, Department of
Justice and Attorney,
Multiple Commissions
and Ombudsman.
Owner Dexus
Area 19,042m2
Expiry
30 Nov 2023 -
30 Jun 2024
Occupiers:
Education, Housing and
Public Works, Building and
Asset Services, QLD
Government Procurement.
Target
Tenants
12. 123 Albert
Target
Tenants
Place Making Podium
Target Tenants (Aspirational)
Premium Target Tenants
(Brand New Workplace)
Value Target Tenants
(Repurpose Rio Tinto Fit Out)
Dexus Brisbane CustomersCo-working/Flex
13. 123 Albert
Marketing
Initiatives Marketing Approach
High Quality Suite of Materials Aligned to Leasing Strategy
123Albert St
A place of excellence
A place of excellence
123Albert St
AlbertSt
Precinct
Map
A place of excellence
123Albert St
A Place of Excellence
123Albert
- What’s on in July
- Restaurants & Cafes
- Health & Wellness
- Music & Nightlife
AlbertSt
Precinct
Guide
A place of excellence
123Albert St
Issue 07 | 2019
We will treat 123 Albert like a brand new product in the market
Create the Brand
and Raise Market
Awareness
Curate a Best-in-Class
Inspection Experience
Highly Tailored Messages
and Collateral
Immersive Display Suite
and Technology
14. 123 Albert
Project
Timeline We are Ready to Launch
July
Agent submissions
& presentations
Early / Mid-September
Finalise marketing
collateral in preparation
for market launch
Late July /
Early August
Appointment of Agents
Mid / Late August
Agree and issue EOI to
marketing agency and
determine refurbishment
scope and program
November 19 -
December 20
Engage with tenants,
negotiate terms and
secure commitments
Mid / Late September
Tailor marketing
collateral to
strategically align
to the occupier
10th of August
Rio Tinto Option
exercise deadline
at 123 Albert
Mid / Late
September
Identify key target
tenants and market
influencers
October
Launch marketing
campaign and tenant
engagement program
