Locations ensure offices are let
The location and quality of office space determined whether a development would be filled, said the Amuri Corporation’s managing director, Mr David Brown.
Mr Brown said the top locations and quality buildings would be easily let. This was reflected in a new $11.5 million development by Amuri to be built in Chester Street.
The six-storey office should be completed by August, 1988. It was already 50 per cent leased and this was a reflection of its prime location and quality of design, Mr Brown said. “It will be the older buildings in less fashionable areas that will be empty in the future,” he said.
“We would not build something if we could not fill it. Also, those buildings
developed on speculation would have difficulty in being filled.” There was no speculation with the Chester Street development, he said.
The building has been designed by Andrew Barclay and will provide 37165 q m of office space. There is provision for 50 car-parks in a two-level parking building at the rear of the development. “It is going to be a good-looking building and the part of town it is in is coming into its own. The development will back on to the new Quality Inn and next to Kent House. “We want to make it stand out among the concrete jungle so that it will have extensive views,” he said.
The tenants already signed are professional servicing clients.
Mr Brown said the corporation had taken a “novel” approach to leasing the building.
“We have found that people sometimes cannot be bothered worrying about the interiors of buildings they move into.
"So we are using a new optional method for interior design. The tenant has the option of leasing a bare space, a space with carpets and curtains, a space with partitions, or a space with partitions, curtaining, and carpets. “Whatever they choose we will liaise with them and offer something designed by a professional interior decorator, it will be reflected in the rentals, of course.”
Mr Brown said the rental for the space would be competitive but not “top dollar.”
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Press, 22 May 1987, Page 7
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353Locations ensure offices are let Press, 22 May 1987, Page 7
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