There's an increasing demand for high quality end of trip facilities in Australia's CBD office markets, a demand that is being driven by tenants. End of trip facilities usually include bike storage, lockers and showers but savvy asset managers are seizing the opportunity to retrofit a range of new and sustainable amenities in existing office spaces, with some outstanding results coming to the market.
This month we focus on the new end of trip facilities at 50 Margaret Street, a building owned by a Singaporean fund manager since 2013.
BUILDING
50 Margaret Street, Sydney is a 16 level, B Grade office tower of approx 9,000 square metres of net lettable area. A typical floor is 670 square metres. The building is situated right near Wynyard station and Wynyard Park, and surrounded by dedicated cycleways and cycle friendly roads. 50 Margaret Street houses whole floor tenants such as Aconex, Bridges Lawyers, Multiplex and a mix of part floor commercial tenants throughout the 16 floors.
LESSOR:
Rockworth Capital Partners
DATE COMPLETED:
The project took three months of on-site work to complete - with construction taking place on the basement floor from June until September, 2017. The entire project, including design and approvals, spanned six months.
The new end of trip facilities were launched in September 2017. The building has 1 basement level and a number of car spaces were handed back to allow for the end of trip facilities including male and female showers and lockers. As well as caged storage for bikes.
OVERVIEW
The new facilities provide a more accessible, clean and green working environment for tenants who can also enjoy a string of new luxurious features. The facilities were designed to foster work-life balance and provide a smooth and comfortable transition between exercise and the workplace.
It’s now easier for tenants to encourage their employees to live a healthy lifestyle and get to and from work in an environmentally friendly way, as well as improving the green credentials of their business. Some examples of the environmentally focused initiatives include LED lighting on movement sensors, timers on key equipment and water efficient shower fittings and tapware, all installed to minimise the carbon footprint and reduce energy usage in the building.
LOCATION
Basement Level
ESTIMATED COST
$300,000
BIKE FACILITIES
20 bicycle racks in a secure cage area, with three different types of racks to accommodate cyclist preferences, including hanging racks, stack racks and push-in lock racks.
SHOWERS, LOCKERS AND OTHER FACILITIES
The new site is fully air-conditioned and features lockers, ironing boards, GHD hair straighteners, drying cupboards for storage of exercise clothes, chilled water and daily fresh towel service. There are currently 2 new male showers, 2 female showers and one disabled toilet and shower.
LEASING CONTACTS
Jeremy Piggin
Ray White Commercial 0413 336 161
Anthony Harris
Ray White Commercial 0404 314 060
Read full magazine here: https://view.joomag.com/sydney-office-update-sydney-office-update-november-edition/0186888001509947657?short
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