Appointment to Manage 119 Charlotte Street, Brisbane
Realmont Property Partners is pleased to be appointed as investment manager for 119 Charlotte Street, Brisbane on behalf of a significant domestic not-for-profit organisation.
119 Charlotte Street, Brisbane is a modern B-grade centrally located 12 level commercial office building completed in 2001. Positioned within the emerging Midtown Precinct, the property is a short walk to the retail, dining, and entertainment hubs of the CBD.
Realmont is most excited by the Cross River Rail infrastructure project, which will completely transform the precinct with the completion of the Albert Street Station, adjoining 119 Charlotte Street at its rear, located on the corners of Albert and Mary Streets.
The investment strategy will incorporate master planning for a rejuvenation of the asset to redevelop the ground floor lobby, retail offering and addition of end-of-trip facilities. The building will also undergo further investigations for a possible facade replacement.
Long term vacancy in the building will be rectified through a spec-suites strategy on key floors, with Realmont’s active management capability activated to lease new space and retain existing tenants. These transformational works are focused on enhancing the building’s appeal to tenants and lift it above its competitor set in the surrounding area of Brisbane’s CBD.