AFRGA1 A032
www.ruralcoproperty.com.au
Invest and Earn Income Whilst You Sleep• Prime location – Outstanding Investment• Secure lease with options to 2025 – annual rental of
$60,084 Inc P.A. plus CPI and outgoings• Commercial premises 56 Dangar Street Newell –
Kamilaroi Highway Narrabri• Total land area 1309 sqm2
AUCTION
PROPERTY
DAVIDSON CAMERONREAL ESTATE
Narrabri, NSW
AUCTION
Land Size - 1309sqm2
Date: 17th August, 2016 at 11:00am Address: The Crossing Theatre 117 Tibbereena Street NarrabriAgent: Michael Guest 0429 921 700
Property ID: 10026715
RWC75
4
DA APPROVED — HIGH DENSITY MIXED-USE DEVELOPMENT SITES U R F E R S P A R A D I S E , Q U E E N S L A N D
• Landmark development site encompassing entire city block
• 500m* to Surfers Paradise retail and entertainment precinct
• 11,848m2* site, four street frontages
• DA for 1,000 apartments plus 680m2* of retail space and community facilities over two towers
• 12 month lease back at 5%* net yield
• Stunning contemporary design by renowned award wining architects DBI
E X P R E S S I O N S O F I N T E R E S T Artist’s Impression Only
*approx.
For Sale by Expressions of InterestClosing Wednesday 3 August 2016
Jeff Moxham 0413 838 339Rick Bird 0417 750 950raywhitecommercial.com Property ID 1496528
James Walsh 0431 712 211Simone Caralis 0414 662 066
AFRWednesday 20 July 2016The Australian Financial Review | www.afr.com
commercialrealestate.com.au
32 Property =?
Offices for flexible worker numbers● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●
Michael Bleby
In RPM Real Estate’sRothelowman-designedoffice, bespoke filingcabinets are kept at a lowheight to allow for easycommunication (above)and (left) open planmanagement desksfoster collaboration andencourage teamcommunication.
Rising numbers of part-time and flex-ible workers are forcing companies tochange the way they use space.
Full-time workers sitting in the samedesk day after day use space differentlyto casuals who come in infrequently,flexible staff who combine working athome with office time, and sales staffwho come in from the field.
An example of this is real estate com-pany RPM, which needed more space,but only on Mondays. Half of the nearly100 staff working for RPM, which mar-kets housing developments in Mel-bourne’s urban growth corridors, workoff site, but come into the South Mel-bourne office each week for sales meet-ings.
‘‘On a Monday, we have a lot of teamscoming in to finalise reports for ourdevelopers,’’ says RPM chief executiveKevin Brown. ‘‘On a Monday we have abig swell of people coming in. For thatreason, we’ve done a pretty big areathat can be used for lunch as well. It’s alarge room, all decked out with Wi-Fiand higher tables and stools, ratherthan desks. Ten to 15 extra people couldbe in on a Monday at a time.’’
On level 5 of the 52 York Street office,large storage cabinets holding plansand other papers also rise to heightsthat make it easy for staff to gatheraround and have discussions.
Australia’s workforce is changing.While the country still had more thantwice as many people – 8.16-million –full time work in May as in part-timework (3.77-million), part-time jobshave grown faster over the past sixyears.
The mix will change further asemployers in large industries such asproperty and financial servicesembrace the societal changes underway and make more effort to embraceflexible work practices to permit moreworking parents to stay longer andmore productively in the workforce.
Designing physical space that servesthose changing needs efficiently is a
challenge for all companies, whetherbig or small.
‘‘We’re getting very different chan-ging workforces as people avail them-selves of HR policy flexibility,’’ saysKate Langan, ANZ Banking Group’sgeneral manager of property.
ANZ has a degree of flexibilityalready from its widespread use ofactivity based working practices that
mean staff have no fixed desk of theirown, but even that will change more,she says.
‘‘We have an element of flexibility tostart with that enables some of thatconcertina-ing,’’ Langan says. ‘‘Whatfind now is that with the diversity ofgroups that we bring together, thenature of what the space is is chan-ging.’’
At RPM’s South Melbourne building,extra flexibility comes in the spacesmanagers occupy. They have larger-than-normal desks to allow for staff togather around for meetings.
The Rothelowman-designed fitoutthat Brown says cost about $1500 persquare metre permits growth in thecompany that says it has this year sold4,500 blocks of land.
TFE set to opennew Brisbanehotel in 2018
● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●
Larry Schlesinger
TFE Hotels will open a new 178-roomluxury hotel in Brisbane’s FortitudeValley in 2018 after striking an operat-ing agreement with Brisbane’s Malouffamily.
The seven-storey Calile hotel, beingdeveloped by Calile Malouf Invest-ments, will take shape on bustlingJames Street, bounded by Doggett andWandoo streets.
It will operate under the individual-istic TFE Hotel Collection range, whichcurrently comprises only the heritage-listed Hotel Kurrajong in Canberra.
TFE Hotels CEO Rachel Argamansaid: ‘‘We are really excited to be part-nering with CMI, who have beeninstrumental in transforming JamesStreet into the most sought-after des-tination in one of Australia’s fastest-growing cities.
‘‘This will be a sophisticated and funresort experience in an urban location,where people will meet for drinks withfriends, to shop or for a fun night out,taking advantage of that glorious sub-tropical outdoor lifestyle that Brisbanehas to offer.’’
TFE Hotels was formed in 2013 as ajoint venture between the Vidor family’sToga Group and Singapore’s Far EastHospitality Holdings. It operates 70hotels in Australia, New Zealand, Asiaand Europe under the Adina, Medina,Vibe, Travelodge and Rendezvousbrands with a further 15 in the pipeline.
Calile Malouf Investments is thedeveloper behind the James StreetMarket retail precinct, which has over130 shops and the Palace CentroCinemas. CoreLogic records show itpaid $12.8 million in 2001 for the1.65-hectare site that will house thenew hotel.
The new hotel, designed by Richards& Spence Architects, will comprise178 hotel rooms and suites with morethan 2600sq m of retail and hospitalityspace.
The ground floor will include res-taurants and cafes linking to a podiumlevel with a pool, cabanas, restaurant,day spa, fitness centre and a businesscentre.
The podium level will also house a300-seat function room and there isbasement parking for 220 vehicles.
In May, the Vidor family and archi-tecture firm Metier3 put the 101-roomVibe Marysville Hotel on the marketwith expectations around $15 million.The hotel was built on the site of theformer Cumberland Guest House at32-42 Murchison Street, which burntdown in the 2009 bushfires.
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