Daily Bulletin

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World's best commercial work space set to launch in Brisbane

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“Our goal is to convert this highly visible and incredibly iconic riverside commercial office building from an outdated and unloved asset into a sustainable and cutting-edge working environment that will hopefully set the tone for refurbished commercial office spaces in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

Environmental concerns increased as Australian employees demand more from their workplaces

  • Written by Media Release

Analysis of 14 million employee survey comments highlight the latest trends in employee expectations, and how to get ahead of them.

 

SYDNEY (March 10, 2020) // Today, Peakon, a global employee success platform, released its inaugural 2020 Employee Expectations report. With nearly 63% of Australian employees feeling disengaged as of January 2020[1], the report reveals what employees expect from their employers in 2020.

By analysing more than 14 million employee survey comments, Peakon found that topics relating to the environment and climate change rose sharply in importance among Australian employees, followed by diversity and inclusion, flexible working and employee wellbeing. 

Climate action – Australian employees have taken the charge on climate action. Mentions of climate-related terms increased across all countries analysed, but the sharpest growth was seen across Australia with a 220% increase in employee comments. The local increase is double that seen in the UK (85%), and almost five times that of Germany, where concern grew by 42% in the last 12 months.
 

  • In Australia, 48% of comments about climate change were of negative sentiment, whereas 18% of comments had a positive sentiment overall.
  • Globally, comments about environmental issues increased by 52% in 2019.
  • Globally, the number of employee comments about the environment increased by 128% among Generation Z workers, followed by Millennials and Baby Boomers with 62% and 59% increases, respectively.
  • Globally, employees in the manufacturing sector were among the most vocal on climate change in the past year, with a huge increase of 595% in climate-related terms year-on-year. Manufacturing’s growth was followed by the Consumer industry (up 106%) and Professional Services (up 79%). The spike in climate change comments among manufacturing employees meant it went from being one of the least vocal sectors on the topic in 2018 to one of the most in 2019. 

 

Luke Amundson, Peakon APAC Director commented: “Australia is only just emerging from its recent devastating bushfire season, and many employees will have been touched by in some way. As a new reality hits home, employees are looking to their workplaces to take the lead, and take action, on the important issues impacting their lives. It’s vital that organisations listen to their workers’ needs and feedback, and ensure they’re doing what they can to meet their team’s expectations.”

In addition to climate action, global employees were also vocal about Diversity and Inclusion, flexible working and employee wellbeing. 

 

Diversity and Inclusion – Compared with colleagues across the ditch, diversity and inclusion isn’t such a hot topic. While New Zealand saw a 44% YOY increase in mentions, Australia increased by just 16% in the same period.

 

Globally, there was a 19% YoY increase in the number of diversity and inclusion related terms analysed. In particular, the Silent Generation (those born between 1928–1945) saw a spike of 31%; discrimination and bullied were some of the highest-ranking terms they mentioned.

 

Flexible working – Globally over the past year, employee comments featuring flexible working-related terms increased by 18%, with terms such as ‘WFH’ and ‘flexible work hours’ rising in prevalence. Those looking to work from anywhere, anytime, include Generation Z, among whom there was a 36% increase in discussion, with millennials not far behind (34%).

Wellbeing – Over the past year, employee mentions of wellbeing-related topics in survey comments increased by 17% (YoY) globally, and 9% in Australia.

“These shifts in employee expectations are being felt across all generations, industries and regions, with employees no longer feeling that they have to leave their personal lives at the office door. Businesses that don’t keep pace with these evolving trends will fail to connect with their most critical audience – their current and future employees. Boosting engagement is critical for those that want to remain a competitive workplace,” added Mr Amundson.

 

Download the full 2020 Employee Expectation report here, and read our blog post on the findings here.

 

Methodology

The Employee Expectations report is based on global employee survey data from Peakon, spanning 80 million survey responses and 14 million survey comments across 160 countries.

The report looks at four emerging employee expectation trends, and examines the year-on-year growth for each between 2018 and 2019. In Australia, more than 298,000 employee survey comments were analysed.

 

Note on generations

To define each generation, Peakon used the guidelines defined by the Pew Research Center. The Silent Generation: Born 1928–1945. Baby Boomers: 1946–1964. Generation X: 1965–1980. Millennials: 1981–1996. Generation Z: Born in 1997 or later.

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About Peakon

Peakon is an employee success platform that converts feedback into insights. It makes the employee conversation quantifiable and actionable to increase employee engagement – not simply measure it. Peakon’s core belief is that work should work for people, and with the largest data set of employee feedback in the world, Peakon provides customised benchmarks and personalised insights to support our mission of helping every employee drive the change they want to see. To date, Peakon has helped organisations like AIG, Aurecon, Adecco, Ricoh, EY make fundamental changes in how they operate to improve employee experience, driving greater business results.

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