Previous Opportunities

The Telstra North Queensland Hub is a brand new complex which will be an exemplar of Telstra’s modern workplace practices. This new facility has been designed to embrace Telstra’s workplace philosophies of effective collaboration both digitally and physically in the workplace, stimulating a culture of open communication regardless of where individuals choose to work from.

Telstra as a business are committed to servicing their customers with “Locals supporting Locals” commitment. The Telstra Townsville team has grown to approximately 400 employees across their business’ various work practices and all groups need to be accommodated. This new facility will provide a best practice work environment, capable of accommodating the workplace needs of their diverse and flexible workforce.

Telstra’s 10-year commitment to the facility plus 15 years of options ensures stability and a long-term commitment to the area.

This building provides a contemporary and high amenity working environment for a headcount capacity of approximately 400 with a workpoint capacity of 160. The 2,144sqm office building is an architecturally designed 3 storey office building with a covered, yet open, breakout workspace on the upper level overlooking the waterfront and parkland.

This facility provides 750sqm of high bay clear span space with container height roll-a-doors. The facility has 1,800sqm of hardstand, 8 carparks and vehicle manoeuvring area, secured by perimeter fencing. The warehouse building adjoins the office and has been designed to complement the architectural design of the commercial buildings at Central, including the Telstra Office and Administration Building.

Townsville City Council has established the Townsville Waterfront Priority Development Area which focuses on the Central Business Park precinct which is controlled by Honeycombes Property Group. The Central Precinct's Business Park environment is the only of its type in Townsville and provides an amenity rich work environment and a destination for contemporary campus style offices preferred by high calibre commercial office tenants.  By collaborating with the Townsville City Council, and State and Federal development agencies, Honeycombes Property Group have been successful in accommodating the following tenants.

• Australian Taxation Office
• News Limited's North Queensland Newspapers
• Central Queensland University CBD Campus
• Department of Veteran's Affairs
• Queensland Rail Administration

The mixed-use nature of the Business Park precinct provides benefits to the office occupants, residents and customers attending the energy-filled Food, Beverage and Entertainment precinct. A footbridge links the Townsville Central precinct to the Townsville Stadium, Civic Theatre and the Motorsports center. A Hilton Hotel is proposed in this location to support the numerous visitors to the event spaces.

Townsville is the largest city in Northern Australia. The Townsville region has one of the most stable and diverse economies in regional Australia. It has established itself as the commercial hub of Northern Australia and has a Gross Regional Product of approximately $19.81 billion, which has enjoyed a Compound Annual Growth Rate (CAGR) of approximately 6.0% p.a. from 2012-2022.

Townsville has a strong employment history supported by a highly desirable tropical lifestyle for residents and a stunning natural environment. The region's economic heritage has been founded on a strong base of defence, mining and support services, agriculture, public administration, education, and health.

Footnotes:
1. Forecast returns are predictive in nature and are calculated in accordance with a number of underlying assumptions to be set out in the Information Memorandum (IM). As such, returns maybe affected by incorrect assumptions or by known or unknown risks and uncertainties and may differ materially from results ultimately achieved. Returns are not guaranteed.
2. 8% Forecast Annualised distribution.
3. Weighted average lease expiry (by income) as at 2023.
4. Telstra contributes 100% of the Trust’s Net Income.
5. Distributions will be paid if declared by Amplify Funds Management (Amplify) and will be subject to the terms set out in the IM.