Colliers International to move to EY building on King William Street

Colliers International's Adelaide office is in the midst of preparations to relocate later this month, a timely move to accommodate expected growth and activity during the next five to 10 years.

The South Australia branch of the market-leading global commercial real estate services provider will start trading from the EY building on the corner of King William and Waymouth streets from May 15, after 17 years at 99 Gawler Place.

The ninth-floor tenancy will feature a bespoke design to provide a best-in-class vehicle for the company's growth. The net lettable area leased is a reduction in square-metre terms from the Gawler Place tenancy, while still accommodating a great number or people and increasing client meeting paces and front-of-house amenities.

Colliers International's state chief executive for South Australia, James Young, said the new office had an activity-focused design based on staff collaboration.

“We have had a stable headcount in Adelaide for some time now but we are planning for growth,” he said.

“Our relocation is all about creating a platform to optimise our growth aspirations. The EY building is ideally suited to play a role in this strategy. Not only does the technical and physical platform meet every need, the amenity we will enjoy from the GPO to Victoria Square, to the Town Hall and up and down King William Street, is quintessentially Adelaide.”

Mr Young said that being a tenant is the current office leasing market provided a valuable opportunity to “walk the talk”.

“With CBD vacancies sitting above the long-term average of 12 per cent and leasing incentives being where they are, the business case is compelling for occupiers to trade up their accommodation to assist meeting the strategic objectives that premises can deliver,” he said.

“Retention and attraction of talent, enhanced productivity, collaboration, client sharing and staff engagement are some of the factors that many organisations strive to optimise.

“We look forward to working in our new office environment from May 15 and to being advocates for what our own brand of workplace can deliver.”

Colliers International's relationship with the landlord, Motor Accident Commission, which owns both the Gawler Place and King William Street offices, has made for a seamless relocation process.