The Real Estate Institute of Queensland is moving house!
The peak body for real estate professionals in Queensland has bought new premises, which are currently being renovated, and the entire organisation will move in by late May, 2017.
REIQ Chairman Rob Honeycombe said the business was moving for two main reasons. The market was growing strongly in Coorparoo and it was a prudent decision to seize upon the market conditions with developers seeking parcels of land. And secondly, new premises fit with the REIQ’s current ongoing strategy to modernise all elements of the business.
“Like most home owners, we bought the Coorparoo building because it suited our needs. However, as the business has modernised and streamlined its activities, this building has outgrown its usefulness,” he said.
“As we approach our centenary celebrations next year we are ensuring the business is modern, fresh and responsive to its environment.
“We’ve been in Coorparoo for 30 years and now it’s time to move on, so we’re thrilled to be moving to 50 Southgate at Cannon Hill. This building is an investment in the next chapter of the Real Estate Institute of Queensland.
“We’re renovating before we move in to create a truly state-of-the-art training facility and a modern, attractive premises for our dedicated team,” he said.
The facility will offer training rooms for the business’s training and professional development arm, along with modern function rooms for our professional networking and educational member events.
The REIQ has also purchased the two-storey parking station next to 50 Southgate and this will accommodate students and other visitors to the building.
50 Southgate was formerly owned by the Endeavour Foundation and the transaction settled on January 30 for an undisclosed sum.
The REIQ plans to occupy the top floor of the building and is seeking a tenant for the bottom floor.
“We are real estate specialists and we believe strongly in the power of property to build wealth so it is a natural fit for us to be the landlord of our own building and lease part of it to a tenant,” he said.
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