While the sale of 63 Pirie Street is Adelaide’s largest CBD office transaction for the year, it is also Centennial’s largest office acquisition since the company formed in 2011.
In today’s economically volatile environment, maintaining a strong cash position is more critical than ever for businesses. We are seeing changes that can impact businesses overnight, and working capital is the lifeblood that will keep it thriving during those times.
Roofs are the most important part of any building, especially in the commercial and industrial space. As asset owners continue to invest more in the operating technology of facilities, in particular towards automation, keeping the facility watertight and protected from water ingress is becoming more imperative.
Brookfield Properties and Cbus Property’s Nine The Esplanade, slated for practical completion in April, is now 73 per cent leased with the news INPEX will occupy 11,200 square metres across six floors.
Australian workers are increasingly heading into the office, with new occupancy data showing office attendance has risen across all of Australia’s CBD. Find out which state is leading the charge.Â
Vacancy rates in our cities’ office buildings remained steady over the last six months as the supply of new space neared the long-running historical average.