Cromwell nears full occupancy at Mary Street, Brisbane building

Real estate investment manager Cromwell Property Group has seen increased demand at its Mary Street commercial tower.

Cromwell has signed more than 13 new leasing deals at its Mary Street asset, predominantly with ASX-listed professional services companies.

The office tower is now close to 90% occupancy with the new tenants joining long-standing occupants Arthur J Gallagher, Australian Associated Press, and Retire Australia is growing financial services firm IOOF, AGL, Computershare, and engineering consultants Northrop.

The 20-level office tower, located at 200 Mary Street, is in the heart of Brisbane’s Golden Triangle.

Bobby Binning, Cromwell Head of Property, said the recent deals highlighted the increasing popularity of sub-500 square metre space in the Central Business District

“Demand has increased in the past few years, particularly from companies looking for creatively designed fitted tenancies of high quality to cater for the growing needs of these professional services firms,” Binning said.

“Mary Street is an attractive building for variety of firms as it offers flexibility, as well as quality management to meet the changing needs of our tenants and their employees.”

Cromwell purchased the Mary Street asset in 2001 and has since undergone extensive modernisation and refurbishment.