In their February Office Market Report the Property Council of Australia announced that Brisbane CBD vacancy rates had risen to their highest ever level of 14.2% – up from 12.8% in January 2013. The rate is expected to rise even further toward the end of 2016 when construction of new A+ grade stock including 480 Queen Street, 1 William Street, AMP’s new development in Milton, and the proposed Anthony John Groups development in Southbank reaches completion; prompting many commercial landlords to offer incentives of up to 40% to attract and retain tenants.
Brisbane, Australia – Softening in the Brisbane commercial market raises the question for commercial tenants “Should we stay or should we go?”
It is with great sadness that WT Partnership (WTP) has lost one of its most loyal and experienced campaigners, Mr. Arthur Shia, following a lengthy battle with illness. Read more
Mr Giles Proctor, Vice President of Data Centre Construction & Operations at Pacnet tagged one of our Directors, Mr Daniel Malacchini on LinkedIn, http://hk.linkedin.com/in/gilesproctor, for being ”part of the fantastic team which was involved in the delivery of this superb new data centre facility for the Singapore market.”
WTP provided full Quantity Surveying services to Singapore CloudSpace2 (SGCS2). Despite an aggressive programme, the project was still delivered successfully on-budget and on time.
The main contractor was recently appointed for The Trilinq, a residential development with 3 themed activity zones.
Our Review of Australian Construction Market Conditions to November 2013 is now available.