Australia’s second-largest super fund Australian Retirement Trust (ART), formed in February following the merger of QSuper and Sunsuper, has confirmed that Brisbane Square will be its new HQ.
Currently operating from multiple buildings across Milton and Eagle Street in Brisbane’s CBD, the predominantly Queensland-based fund manager will consolidate its workforce across the top floors of 266 George Street from late 2022.
ART, which manages more than $230 billion in retirement savings on behalf of over two million members, has signed an eight-year lease agreement with the building’s owners Charter Hall Group (ASX: CHC).
“Ways of working have changed post-pandemic, and the design of our new workplace embraces a flexible and inclusive approach,” said Australian Retirement Trust’s CEO Bernard Reilly, who believes the deal is in its member's best interests.
“Having our Brisbane-based people in one centralised office will enhance collaboration, innovation and connection.
“As a fund open to all Australians, 266 George Street provides the space for our people to join as one team as we strive to serve our two million members.”
Brisbane-based BVN Architects will redesign the lobby space, which will feature collaborations with First Nations artists, in a co-creation with ART and Charter Hall.
“We are pleased to extend our partnership with our valued tenant customer, Australian Retirement Trust, to provide a value-add solution at Brisbane Square,” Charter Hall managing director and group CEO David Harrison said.
“We are seeing a flight-to-quality, where as-built premium office buildings with excellent amenities, large floor plates and four sides of natural light and views are attracting and retaining high-quality customers who recognise the value of a shared workspace for their people to collaborate and thrive.”
Before moving into the CBD property, the owners of Brisbane Square will upgrade the building’s sustainability ratings as part of ART’s commitment to being an enduring force for good.
Queensland makes up almost 20 per cent of Charter Hall’s $62 billion property portfolio, comprised of 1,516 assets. Brisbane Square, the gateway to Southbank, is owned by Charter Hall’s Brisbane Square Wholesale Fund (BSWF) and the Charter Hall Prime Office Fund (CPOF).
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