Ipswich City Council has selected CBRE to provide property management, retail leasing, retail marketing and placemaking services for its Nicholas Street Precinct.
The site is Ipswich CBD’s entertainment and cultural destination. Following a procurement process, CBRE was selected as the precinct manager for a three-year initial term.
The Nicholas Street Precinct attracts millions of visitors annually and is a hub for culture, arts, casual dining, retail and events.
Among the activities held in the precinct, the noteworthy ones include monthly markets, free open-air music and school holiday programs.
“The Nicholas Street Precinct has undergone a once-in-a-generation transformation to become Ipswich’s go-to destination for entertainment and dining, and Council looks forward to the partnership with CBRE, which will no doubt take the precinct to even greater heights,” Ipswich Mayor Teresa Harding says.
“CBRE is an industry leader and that means it is the perfect choice for Council and our community to be confident in the future of our immensely popular Nicholas Street Precinct,” Harding adds.
In addition to property management and leasing services, CBRE’s Place Advisory team will focus on strategies to transform the more than 20,000-square metre Nicholas Street precinct into a thriving community hub.
“Our team is eager to contribute to the ongoing performance of the precinct to ensure its continued growth and success,” CBRE’s Property Management business’ head of Retail and Place Advisory Sheree Griff says.
“We are committed to working with the Council and all stakeholders to ensure the precinct remains a ‘must-do’ destination for both locals and tourists.”
In another recent major win for CBRE in Australia, Asia-Pacific real asset owner and manager, ESR, has awarded CBRE a long-term facilities management contract for its Australian portfolio.
Following a tender process, CBRE won the five-year contract, which is also the first national long-term FM agreement that ESR has signed since it began operations in the country.
The partnership covers the majority of ESR’s Australian properties, equating to 250 mainly industrial and logistics assets in Queensland, New South Wales, Victoria, South Australia and Western Australia.
Read more: ESR awards national facility management contract to CBRE
