Video game developer Gameloft has leased a boutique property in the trendy inner-city suburb of Newstead to accommodate its growing operations.
The 633sqm converted woolstore property located at 130 Commercial Road is made up of a refurbished open plan office and eight onsite car parks.
CBRE’s Michael Skarparis and Mel Pikos, who negotiated the deal on behalf of the lessor, said the tenancy represented an opportunity for Gameloft to design and build their own fit-out.
“Gameloft saw a fantastic opportunity to open a Brisbane branch in this character, commercial converted warehouse,” Mr Skarparis said.
“This property has the same look and feel that Gameloft’s interstate offices possess, which was a key factor attracting the tenant.”
Gameloft committed to a three-year term on the property for a gross price of $420 per square metre, equating to an annual rental of $265,860. An attractive incentive was taken as a contribution to the fitout.
“While we have seen strong demand for fitted out space recently, this was a rare instance where the tenant instead opted to build a new fitout from scratch,” Mr Pikos said.