In the Media

  • Locals flock to office park

    Published in: Pine Rivers Press
    Published on: 24 Aug 2011

    NEW HUB: BIG BRAND NAMES HAVE SHOWN CONFIDENCE IN THE REGION BY INVESTING IN NORTH LAKES

     
    STAGE one of a $50 million business park development at North Lakes is now finished and developer ORRA Pacific hopes it will cement the area as one of the north side’s biggest business hubs. The development in Park Vista will be completed in four stages and will comprise 12 buildings in a campus-style office park aimed at luring new businesses to North Lakes, and convincing the area's residents to avoid long commutes by shifting their businesses closer to home. Stage one, which is about a quarter of the site, is due to be unveiled in a couple of weeks and includes a café and three of the 12 office buildings. ORRA Pacific managing director Paul Brandenburg said securing the more than 13,550sq in site was a strategic win for the company. “Some very big decision makers are investing in the North Lakes area and this speaks volumes about the rapid residential and population growth," Mr Brandenburg said. "Big brands like Masters. IKEA and Westfield are aligning in a strategic stronghold which capitalises on the growing population, workforce and shifting demographics." He said employment in North Lakes had more than doubled during the past four years, with more than 135,000 people now living in the area. Mr Brandenburg said 80 per cent of inquiries about tenancy in the office park had been from local businesses. "Shorter commute time and greater work-life balance are key touchstones with today's workforce and the Lakes Vista project certainly capitalises on this," Mr Brandenburg said.