Brisbane, 29 September 2015 – Toshiba will amalgamate three Brisbane sites into new headquarters at Brisbane Technology Park after striking a 10-year lease deal.
CBRE’s Michael Skarparis and Mel Pikos negotiated the 1,525sqm lease, which involves an Industria REIT-owned property at Eight Mile Plains.
Toshiba is a world-leading diversified manufacturer, solutions provider and marketer of advanced electronic and electrical products and systems.
Under the new lease agreement, the group will amalgamate two existing offices at Murarrie and a third office at Woolloongabba into the Industria REIT-owned building at 7 Clunies Ross Court.
The agreement involves level two of the building in addition to 63 on site car spaces.
“Toshiba saw a fantastic opportunity to relocate to the most prominent building within Brisbane Technology Park, with an abundance of parking and unrivalled signage opportunities,” Mr Skarparis said.
The lease was negotiated at an annual gross rental of $595,130 per annum. An attractive incentive was given in the form of a contribution to fit out.
CBRE’s Mr Pikos said; “Toshiba was looking to increase efficiency across their business lines and they couldn’t achieve this without amalgamating their offices first. This tenancy presented an opportunity for Toshiba to purpose-build their fitout from scratch, which was extremely appealing.”
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.