THE second stage of the commercial development on the Supermail site will give the Hatch staff some new neighbours to share lunch with.
THE second stage of the commercial development on the Supermail site will give the Hatch staff some new neighbours to share lunch with.
The development on the fringe of the CBD is seeking a pre-commitment of around 6,000sqm to kick start development that will mirror the Hatch building.
Organisations including the RAC and the Computer Services Corporation are currently casting around the market for new leases.
It’s understood CSC is considering a number of options, including the new building on the Supermail site.
Building owner and developer Bradley Moore has made a commitment to Hatch that none of its competitors will move into the second stage of the development.
The Hatch building on the Stirling Street site is built on less than half of the entire land site.
The new building will sit next to the Hatch building, with a gap of 12 metres between the two buildings allowing light in and access for couriers.
The existing Hatch staff car park will remain where it is, with the first level of the new building to sit above the car park. An additional 220 car bays for the tenants of the new building will be located behind the new development over two levels.
The total floor space of the development will be about 14,000sqm. The second floor has the largest floor plate of 3000 sqm.
“It’s a pretty substantial building,” Adroit Consulting director John Adcock said.
“Efficiencies are achieved through the large floor plates so it will appeal to larger tenants.”
The land value of the site in Stirling Street means the developer can afford to put a better product on the site.
“The attraction beside the floor plate is the overall cost structure, because the land is worth less we can put a better product on it for a cheaper price,” Mr Adcock said.
The developer is in the unique position whereby the Hatch building can serve as a display building for prospective tenants.
The fact that Bradley Moore is located in the Hatch building means the quality standards of the development are assured.
“A traditional developer would build with a view to tenanting the building and moving on,” Mr Adcock said.
“If you were building a new building for a return on the investment wouldn’t necessarily put all the features in.”
The development on the fringe of the CBD is seeking a pre-commitment of around 6,000sqm to kick start development that will mirror the Hatch building.
Organisations including the RAC and the Computer Services Corporation are currently casting around the market for new leases.
It’s understood CSC is considering a number of options, including the new building on the Supermail site.
Building owner and developer Bradley Moore has made a commitment to Hatch that none of its competitors will move into the second stage of the development.
The Hatch building on the Stirling Street site is built on less than half of the entire land site.
The new building will sit next to the Hatch building, with a gap of 12 metres between the two buildings allowing light in and access for couriers.
The existing Hatch staff car park will remain where it is, with the first level of the new building to sit above the car park. An additional 220 car bays for the tenants of the new building will be located behind the new development over two levels.
The total floor space of the development will be about 14,000sqm. The second floor has the largest floor plate of 3000 sqm.
“It’s a pretty substantial building,” Adroit Consulting director John Adcock said.
“Efficiencies are achieved through the large floor plates so it will appeal to larger tenants.”
The land value of the site in Stirling Street means the developer can afford to put a better product on the site.
“The attraction beside the floor plate is the overall cost structure, because the land is worth less we can put a better product on it for a cheaper price,” Mr Adcock said.
The developer is in the unique position whereby the Hatch building can serve as a display building for prospective tenants.
The fact that Bradley Moore is located in the Hatch building means the quality standards of the development are assured.
“A traditional developer would build with a view to tenanting the building and moving on,” Mr Adcock said.
“If you were building a new building for a return on the investment wouldn’t necessarily put all the features in.”