SOUTHERN CROSS CLOSER TO WAVES

SOUTHERN CROSS CLOSER TO WAVES

MEDIA company Southern Cross Austereo (SCA) has moved its Southport radio and television studios to the Oracle residential development (pictured) in Broadbeach.

DTZ managing director Cameron Wilson negotiated the 10-year lease for the broadcaster of Southern Cross Ten, Eleven, One, 92.5 GoldFM and 90.9 SeaFM.

SCA General manager Paul Bartlett says the space covers 2000 sqm across one level, which is larger than the former 1750 sqm space covering two floors at the Seabank Building in Southport.

“The bottom-line was cost and having radio departments interact with each other. The Southport location was not very conducive for that and the facilities were very old and tired after being there for 22 years,” he says.

SCA has invested about $4 million in constructing four new radio studios, five radio production studios, one TV studio and three TV production studios.

“We have an open-plan design in which programming, sales, promotion and management staff can work from open-plan offices,” says Bartlett.

“Facilities at the Oracle are amazing. It’s like jumping out of an old Toyota Corolla and into a BMW.”

Bartlett says his employer was also attracted to Broadbeach for the entertainment and restaurant factor.

“Broadbeach is a good place to do business. There is access to everything we need and we have enough space. It’s a fantastic position for a media company,” he says.

“We are also digitally ready to go. Apart from buying the digital radio transmission facilities, the studios are all set for digital broadcasting once we are granted a licence.”

SCA has the option of extending its lease for a further 10 years. Leasing agents DTZ and Bayliss & Samra were appointed by the receivers KordaMentha to market the property.

Get our daily business news

Sign up to our free email news updates.

Please tick to verify that you are not a robot

 
Supercharge your business through peer-to-peer mentoring
Partner Content
Social connection during times of adversity in an increasingly isolated world has never...
Coraggio
Advertisement

Related Stories

Melbourne’s 94 Feet envisions new-age office model with $70m Balaclava project

Melbourne’s 94 Feet envisions new-age office model with $70m Balaclava project

Melbourne-based developer 94 Feet, a company with more than $1.2 bi...

Newcastle’s $100m West Village project given green light to proceed

Newcastle’s $100m West Village project given green light to proceed

The $100 million West Village development in central Newcastle has ...

Gold Coast population slowdown on the cards but property is still king, says Colliers

Gold Coast population slowdown on the cards but property is still king, says Colliers

The Gold Coast may be falling short of its population growth foreca...

MA Financial grows marina fund with $20m acquisitions at Batemans Bay and Port Macquarie

MA Financial grows marina fund with $20m acquisitions at Batemans Bay and Port Macquarie

Alternative asset manager MA Financial (ASX: MAF) has topped up its...