Opus' Altitude takes off with CASA

The Civil Authority Safety Authority has moved its headquarters to Opus Capital Group's newly completed office building, Altitude.

CASA will move from Bowen Hills to 12-14 The Circuit in Brisbane’s Number 1 Airport Drive precinct.

Around 150 staff will be based at the $20.5 million Altitude building, which comprises four levels of office accommodation, with a net lettable area of over 4,675 sqm and more than 175 car bays.

Opus Capital Group’s co-chairman Steven Goakes the Brisbane Airport precinct is booming, and it is forecast that more than 40,000 people will work in the area by 2026.

CASA’s spokesman Peter Gibson said the Altitude building is now the national operational headquarters for the air safety regulator.

“This building has allowed CASA to bring together all the people who plan and manage the surveillance and safety oversight of the Australian aviation industry into one central location,” Gibson said. “Being right next to Brisbane Airport is very important as it means our staff can keep in close touch with one of Australia’s major aviation hubs,”

Goakes said the property had already achieved a 4-star Green Star rating and is targeted to achieve a 4.5-star Australian Building Greenhouse Rating.

The seven-year lease was negotiated by joint leasing agents Andrew Carlton of CB Richard Ellis and John McDonald of Ray White Commercial.

Altitude was pre-purchased by Opus Capital Group in June 2007 from Tony Havig and Neville Jensen from Dimensions Property Group and project partners Ray White Invest and Brisbane Airport Corporation, in a deal brokered by Flint Davidson of CBRE.

The building forms part of a portfolio of properties purchased by Opus Capital Group for its Opus Income & Capital Fund No. 21.

Australian Property Journal