Daily BulletinDaily Bulletin

Business News

  • Written by Tess Sanders Lazarus


Investment and property development company Wallum Partners is taking on the task of revamping a 1980s office space in inner Brisbane into a fully refurbished, all ability friendly, sustainable commercial office building.

 

Wallum Partners has over 35 years of experience in the industry. It has developed projects in the ACT, Queensland, New South Wales and the United States of America. Marcel Russ is working with David Solomon and Simon Heathcote of Wallum Partners on this project.

 

“Our goal is to convert this highly visible and incredibly iconic riverside commercial office building from an outdated and unloved asset into a sustainable and cutting-edge working environment that will hopefully set the tone for refurbished commercial office spaces in Brisbane and indeed the whole country,” Russ said.

 

“We have a lot of fun working on these types of projects. These projects really allow us to push the envelope. We want to show that every office space has the potential for growth, transformation and a high degree of functionality.

 

“We’re taking inspiration from some of the world’s most beautiful and sustainable office spaces. The directors are constantly seeking inspiration from ambitious and cutting-edge projects both domestically and overseas.”

 

The building purchased in an off-market transaction by Wallum Partners in early 2020 is located at 159 Coronation Drive, just minutes outside of the Brisbane CBD. The entire asset consists of two four level buildings with 130 parking spaces and 5,200 square metres of office space.

 

According to Russ, he and the team at Wallum want to upgrade the asset into a leading sustainable and environmentally friendly office space that will not only redefine the benchmark for workability but also embrace the needs of people with all abilities including those with physical challenges.

 

“There’s a lot riding on our success. A lot of people believe it’s too difficult to bring 21st century sustainable standards to old buildings. They think it’s easier to just knock down an old building down and start again,” Russ said.

 

“We want to show that that’s not actually necessary. A lot can be done with older buildings, whether it’s an office space or your own home. In fact, many older buildings have extraordinarily good bones.  We’re really looking forward to seeing the ‘before’ and ‘after’ photos of the building. We think a lot of people are going to be pleasantly surprised.”

 

Russ and the team at Wallum have engaged a number of consultants and organisations to help them revitalise the old office space. The project is being backed by Stamford Capital and Quintet Partners Partnership Platform. 

Were currently deciding on an appropriate solar system to improve the building’s performance, making upgrades to the air conditioning, lifts, installing carbon sensors, low energy lighting, basement upgrades, painting the building and ensuring water efficiency measures are in place,” Russ added.

 

Were transforming the landscaping by working with Oculus, world leading landscape designers to deliver a beautiful ground plane around the building. We’re also working with Fender Katsalidis, world renowned Architects, to upgrade lobbies, bathrooms, balconies, as well as the building’s façade and entrances.

 

“In addition, we are also incorporating end of trip facilities and investigating the possibility of also adding power stations for electric cars, bikes and scooters. All this will bring the building up to a world class standard making it a most inclusive, thoughtful, productive and inspiring refurbished workspace.”

 

The Wallum Partners team is determined to redefine what is possible in terms of sustainable commercial asset refurbishment.

 

“Accessibility is a core part of this project. This building was created during a time when accessibility factors weren’t considered. We’re going to add ramp access, improve layout and placement of fittings and fixtures, and also convert old tea rooms into all abilities bathrooms,” Russ said.

 

www.wallumpartners.com.au

Why even the best case for jobs isn't good. We'll need more JobKeeper

arrow_forward

Your Complete Checklist For Hiring Professional Proofreading Services

Let's get one thing straight — a good proofreader is a writer's best friend. They are both incomplete without each other. The writer creates and the proofreader perfects. While there are a count...

News Company - avatar News Company

8 Simple Tips to Choose Your Team Members

The first-hand contributors to a particular project play an integral role in its successful completion. Identifying the most well-equipped and relevant team members for your project can have a great...

Katherine Guzman - avatar Katherine Guzman

How To Choose The Right Filing Cabinet For Your Office

If you’ve worked in an office, you should know how important filing cabinets are for proper storage of important documents. What about the cloud, you might ask? It’s as simple as this: even with man...

News Company - avatar News Company

Hospitality Recruitment Agencies For Employers And Employees

It's a fact that many now rely on hospitality recruitment agencies. Majority of employers, especially those who're after hiring many individuals, go to recruitment agencies. In return, these agencie...

News Company - avatar News Company

An Increasing Demand Of Corporate Function Venues In Melbourne

With an increasing culture of corporate function venues Melbourne, there is a rising competition among professionals. In order to appreciate and honour hardworking employees, corporate owners gi...

News Company - avatar News Company

How to effortlessly promote your business

You've worked hard to build your business from the ground up, and as any successful entrepreneur will tell you brand promotion is everything. Not only do high-quality promotions build a sense of...

News Company - avatar News Company


The Conversation
INTERWEBS DIGITAL AGENCY

Politics

$1.8 billion boost for local government

The Federal Liberal and Nationals Government will deliver a $1.8 billion boost for road and community projects through local governments across Australia.   The package of support will help lo...

Scott Morrison - avatar Scott Morrison

Scott Morrison press conference

PRIME MINISTER: This is a tough day for Australia, a very tough day. Almost 600,000 jobs have been lost, every one of them devastating for those Australians, for their families, for their commun...

Scott Morrison - avatar Scott Morrison

BOOST FOR BUSHFIRE RECOVERY

Local economic recovery plans will help towns and regions hit by bushfires get back on their feet as part of a new $650 million package of support from the Morrison Government.   As part of th...

Scott Morrison - avatar Scott Morrison



News Company Media Core

Content & Technology Connecting Global Audiences

More Information - Less Opinion