20 Spink Street, Brighton
Project Outcome
- Creation of a standalone, truly boutique, office offering within the scarce Brighton office market.
- Achieved 100% occupancy prior to practical completion in September 2022.
- Achieved an average WALE across the building of 6.7 years – welcoming Retail Prodigy Group, Nunn Media, Wealth PI, Wilfred Knight, Page Stewart and Crooked Letters as occupiers.
- Delivery of stunning external architecture and beautiful interiors.
- Retained as flagship project for long-term investment.
Summary
- StatusCurrent Investment
- SectorOffice
- Development Debt FundingPallas Capital
- Term Debt FundingWestpac Banking Corporation
- Acquisition DateDecember 2020
- Building Size1,900sqm
- Land Area577sqm
- ZoningCommercial 1
- Acquisition Strategy Long-Term Hold/Investment
Key project features:
- Prominent, high exposure, 5 level office building located within the Martin Street Activity Centre.
- Ground-up new development delivering 1,900sqm of premium office space with 20 car spaces.
- Strategically located site adjoining the Sandringham Train line (opposite Gardenvale Train Station) and the ‘key landmark’ within the Activity Centre.
- Strategy to deliver a premium, standalone, office building to a heavily undersupplied office sub-market.
- Building achieves PCA A-Grade standard of offering and a 4.5 Star NABERS energy capability and occupation density ratios of 1:10 as base design.
- Extremely high quality, thermally broken, façade system offering expansive views and natural light to all occupants, never to be built out.
- Expansive rooftop environment with 360-degree views back to the city and across the bay.
Capital Works:
