NEW COMMERCIAL OFFICE FOR ROBINA

ROBINA Group is pushing ahead with a $25 million commercial building at the heart of the CBD, on the back of research that office vacancy rates have fallen to almost 6 per cent.

The Base, will include a street level commercial precinct that integrates with another Robina Group office tower, The Rocket.

The four level building will feature 4,221sqm of premium office space fronting Robina Town Centre Drive, with views across Lake Lido to the Gold Coast City skyline.

Interdisciplinary consulting firm Urbis has undertaken an in-depth study into the CBDRobina office market, revealing CBDRobina’s vacancy rate of 6.1 percent is significantly lower than any other Gold Coast City sub-locale and well below the Gold Coast City’s overall vacancy rate of 16.7 percent.

As of January this year, CBDRobina had a total of 73,750sqm of office floor space, equating to 16 percent of the total Gold Coast City office market.

Robina Group general manager Hylton Slater says The Base offers a diverse selection of office sizes, ranging from 112sqm to full floor plates of up to 1,834sqm, many with open balconies overlooking the lake.

Slater says a quarter of the space available had already been leased.

"The building will feature unique New York style loft tenancies and a ‘dynamic and voluminous foyer with a green wall and feature lighting’," says Slater.

"Robina Group is confident of the success of The Base and believes the take up rates identified in the Urbis research will underpin not only this project but future office development within CBDRobina."