Business as usual
A key success of the redevelopment at Allendale Square was the lack of disruption caused for the existing tenants in the building during construction. Transforming a major CBD site is never simple, especially when the tenants need to stay in place and continue operating without interruption.
Thanks to a strong communication strategy, Mirvac was able to complete construction at Allendale Square on time and on budget, with no need to pay rent abatement tenants, Francis Burt Chambers. Mirvac achieved an overall satisfaction rating of 84 per cent at Allendale Square in our 2017 tenant survey (against Campbell Sholtens benchmark of 77 per cent).
Mirvac secured the renewal of key tenant, Francis Burt Chambers, for an additional 15-year lease. Allendale Square now reflects the prestige of its tenants, its business values and culture; as well as providing a place that supports wellbeing, and gives employees access to outstanding food and shopping. Mirvac is excited to see how Allendale Square continues to meet the evolving needs of its tenants as the future unfolds.