15-19 JAMES ST
Through our analysis and in-depth knowledge of Brisbane, as mentioned we recognised the transformation of Newstead from a light industrial area in inner Brisbane to one of the ‘hottest precincts’ – with bars and restaurants that would generate demand for not just office but also residential and retail in the area.
In this instance, we identified a lack of retail space for fashion. As a strategic acquisition, we purchased the land occupied by light industrial sheds; created a façade, landscaping and interiors transforming the asset into a fashion hub.
We attracted key fashion names to the asset generating significant increases in rental income and pre-let the office space.
PROJECT TYPE
Repositioning from Industrial to Retail
LOCATION
Newstead, Brisbane (trendy inner Brisbane city precinct)
DESCRIPTION
Total Size 5,100sqm– 2,000sqm retail and 3,100sqm commercial space
KEY RETAIL TENANTS
- LuluLemon Athletica
- Camilla Australia
- Samantha Ogilvy
KEY OFFICE TENANTS
- Diageo Australia
- PanAust
- Fosters
COMPLETION
2012
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