#UC: Newstead Riverpark

[finn]

Originally Posted by BrissyMan1

You are aware that in comparison to staffing costs including annual staff turn over office accommodation expenses are insubstantial?

That said it isnt like banks being out of the city isn't all ready common, if you look to Sydney / Melbourne.

Rod

While moving the location of a business may result in a one-off increase in staff turnover (i.e. attrition rate) it will not have any impact on the average staff turnover rate per annum after that move.

If the rent at Newstead is $250/sqm cheaper than in the CBD and the average office worker takes up 14sqm of space then that's a saving of $3500 per employee per annum (plus rental review rates p.a.).

[brizguy]

Originally Posted by finn

While moving the location of a business may result in a one-off increase in staff turnover (i.e. attrition rate) it will not have any impact on the average staff turnover rate per annum after that move.

If the rent at Newstead is $250/sqm cheaper than in the CBD and the average office worker takes up 14sqm of space then that's a saving of $3500 per employee per annum (plus rental review rates p.a.).

In the current job market its not like people have much of a choice anyway

[38921111]

Originally Posted by BrissyMan1

You are aware that in comparison to staffing costs including annual staff turn over office accommodation expenses are insubstantial?

That said it isnt like banks being out of the city isn't all ready common, if you look to Sydney / Melbourne.

Rod

the campus-sized floorplates is probably more important than the cheaper rent. it allows "collaborative team building" and "harmonious decision making"

[nathandavid88]

Looks like BOQ is heading to Newstead!

Council set to approve BOQ's city fringe move

May 22, 2012 - 3:00AM
Read laterComments 2


Bank of Queensland will move its headquarters out of the CBD to the Newstead Riverpark. Photo: Supplied

Brisbane City Council will this morning approve a new $180 million Bank of Queensland headquarters at Newstead, forming part of a $1.1 billion inner-city business park.

BOQ announced in March it would move its headquarters out of the CBD to the Newstead Riverpark, where developers FKP have designed its Gaslands project, part of the 17-hectare Newstead Riverpark residential and business complex.

The council's neighbourhood planning committee is likely to recommend approval of the building to next Tuesday's full council meeting.

FKP's Gasworks project is set over three parcels of riverside land at Newstead and includes residential blocks, office towers, restaurants and parkland on the riverside business park.

It is understood BOQ plans to occupy over 12,000 square metres of the 10-storey office tower on Longland Street and move in 1000 staff by July 2014.

In March, FKP executive director Mark Jewell said the bank's decision to move to the edge of the city recognised an emerging trend in Brisbane.

“Businesses increasingly recognise that basing themselves on the fringe of the CBD provides major benefits such as better car parking for employees and visitors, bigger floor plates, easier access, campus style buildings and state-of-the-art design,” Mr Jewell said.

“BOQ will join our other newly committed commercial and retail tenants such as Woolworths and James Street markets, making The Gasworks the integrated destination precinct FKP envisages it to be.”

The council approved the master-plan stage of The Gasworks in 2010.

Lord Mayor Graham Quirk said the inner-city urban village would have his approval when it came to the full council next week, if it satisfied this morning's committee meeting.

“I support sustainable development in the right places and this building is an essential part of my plan to not only generate immediate construction jobs and business, but support future employment as well,” he said.

Cr Quirk said the building, with 221 proposed car spaces, would provide commercial and retail space needed to support Newstead's urban renewal and future residential growth.

Council opposition leader Milton Dick said Labor agreed this part of the city needed redevelopment, but that development needed to be sensitive.

"I want to make sure that the public transport and car parking planning is considered as part of the application," he said.

"I will be running a fine tooth comb over the project."

Cr Dick said the project began in 2009 and said it was time that the final stages came to the council for consideration.

The Newstead Riverpark includes a one-hectare lake and five hectares of parklands.

Read more: http://www.brisbanetimes.com.au/busi...#ixzz1vXrR0pHI

[brizguy]

Walked past the site today and HOLY SHIT, A core is rising, FKP is building something!

[finn]

Originally Posted by brizguy

Walked past the site today and HOLY SHIT, A core is rising, FKP is building something!

There's about three cores rising actually, on the shopping centre/office building/apartment tower site. They are absolutely full steam ahead. Also, I saw some soil testing going on at the BOQ site yesterday. FKP has had a management shake-up.

[brizguy]

Originally Posted by finn

There's about three cores rising actually, on the shopping centre/office building/apartment tower site. They are absolutely full steam ahead. Also, I saw some soil testing going on at the BOQ site yesterday. FKP has had a management shake-up.

At this rate the milton might be done by 2020

[nathandavid88]

Originally Posted by brizguy

At this rate the milton might be done by 2020

Milton actually being built? Bite your tongue!

Can't wait for the speculation for retailers, we know the supermarket but wonder if they will try to make it James Street like.

[SoulvisionQ1]

Does FKP have a good track record for retail precincts?

[nathandavid88]

It's interesting that the James Street Markets are interested in going in, as it's not a huge way away from James Street really, and it will be in there with a supermarket – wouldn't that be a little counterproductive for them?

I don't think it will be much like James Street at all, probably a lot more "suburban", like Brunswick St New Farm. The Woolies and probably a few cafes and restaurants, but some with more service-type businesses like chemists, newsagents, etc etc.

[brizguy]

Originally Posted by nathandavid88

It's interesting that the James Street Markets are interested in going in, as it's not a huge way away from James Street really, and it will be in there with a supermarket – wouldn't that be a little counterproductive for them?

I don't think it will be much like James Street at all, probably a lot more "suburban", like Brunswick St New Farm. The Woolies and probably a few cafes and restaurants, but some with more service-type businesses like chemists, newsagents, etc etc.

But in a medium density neighborhood its a world away.

[nathandavid88]

Even in medium density it's only what, less than 5 mins away on a bus? And the markets are appealing to a niche type of market (those who want better than supermarket fare). I still would think it's a bit too close, particularly if they're straight duplicating the setup they have on James St.

Originally Posted by nathandavid88

It's interesting that the James Street Markets are interested in going in, as it's not a huge way away from James Street really, and it will be in there with a supermarket – wouldn't that be a little counterproductive for them?

I don't think it will be much like James Street at all, probably a lot more "suburban", like Brunswick St New Farm. The Woolies and probably a few cafes and restaurants, but some with more service-type businesses like chemists, newsagents, etc etc.

Yes it will be like a better version of Zetland in Sydney. Much better.

[brizguy]

heres some badly taken pics of the new building last night






Retail at the bottom looks good too, hopefully some good stuff is going in

[nathandavid88]

Taking photos in those light conditions can be a right pain in the backside, so good job! It's going to be a pretty nice area when it's fleshed out a bit more.

[brizguy]

Yeh I might go tonight and take some with my real camera, had to be quick as all the oldies on there power walks were giving me wierd looks

[JayT]

I noticed that lit up last night while driving along KSD. It looked quite good, however not as good as Soliel with the remaining daylight reflecting off it - it really does look stunning from that angle.

brizguy look actually very good not noticed that building before. As for retail, let us know someone when stuff goes in there.

[Fabian]

July 5 2012


By fabianamuso at 2012-07-13


By fabianamuso at 2012-07-13