PROJECT INFORMATION

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JOB TITLE

General Manager Property and Road Fleet

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ROLE

Review portfolio and liaise with QR stakeholders and agents to determine the optimal portfolio to be maintained and identify options to rationalise surplus sites

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Value Proposition

reduce the lease liability and ensure the provision of property in support of operational needs over the short medium and long term

HIGHLIGHTS

Following the de-merger with Aurizon, Queensland Rail inherited an inefficient Brisbane CBD office accommodation portfolio spread over seven (7) sites.
Engaged with key stakeholders to undertake a strategic and tactical review of the portfolio to identify key risks, limit ongoing liabilities and identify accommodation needs to be incorporated into an in-depth CBD Accommodation Strategy.
Successfully consolidated portfolio from seven (7) sites to three (3) key sites around the Central Station.

MORE INFORMATION

A Board endorsed CBD Property Accommodation Strategy (out to 2040) was developed to identify the most appropriate portfolio, based on projected staff numbers which was sensitised to account for possible scenarios associated with changes in employee numbers and efficiencies to be gained over time (alternative workspace design and demand strategies).
The Strategy was underpinned by a comprehensive Accommodation Needs Analysis (ANA) and a robust Business Unit Requirements (BUR) brief, completed in consultation with stakeholders and regularly reviewed.
The strategy also identified marketable sites that were the subject of an aggressive subleasing campaign targeting a niche market of short-term project space and smaller single floor tenancies, given the absence of companies seeking larger single leasehold premises.