Commercial Confidential: Anxious wait as Technology One HQ competition narrows

AFTER more than 20 original submissions, an ASX-listed software developer has whittled its Brisbane head office shortlist down to three. But don’t expect a decision soon.

Charter Hall's development at 11 Breakfast Creek Rd, Newstead, has missed out on securing Technology One.

• Damian Griffiths declares personal bankruptcy
• Doughnut Time chain collapsed owing nearly $3 million

ASX-listed software developer Technology One has whittled its head office shortlist down to three but don’t expect a decision soon.

Technology One’s operating officer, corporate services Tony Ristevski confirmed that Alceon’s campus style development at Hamilton Northshore and Lendlease’s RNA showground redevelopment were the ones left after more than 20 original submissions.

The company, which has a requirement for 12,500sq m in the eastern fringe, could also choose to stay at its long term home at 540 Wickham St.

The RNA showground redevelopment is a contender for Technology One’s new HQ.

Tony says the process is continuing and a final decision might take a couple of months.

“Time is on our side. We want to make the right decision,” he says.

Meanwhile, those on the longer short list — Charter Hall, with its 11 Breakfast Creek Rd, Newstead, proposal and John Livingston’s JGL Properties site at the Jubilee Hotel car park at St Pauls Tce, Bowen Hills — will have to lick their wounds and wait for the next requirement.

Also, still no word on the likely winner in the race for Suncorp’s 30,000sq m to 40,000sq m head office requirement.

The three in the running remain 80 Ann St (Mirvac); The Regent in the Queen Street Mall (ISPT); and 370 Queen St (Investa/Charter Hall).

JEWEL IN BANKRUPT GRIFFITHS’ CROWN GAIN INTEREST

WITH the former king of Fortitude Valley Damian Griffiths declaring bankruptcy, two of his hospitality jewels being sold by receivers and managers have attracted plenty of interest.

Receivers and managers McGrathNicol were appointed to oversee the four-star Limes hotel and the Alfred & Constance pub and have appointed CBRE Hotels to sell them.

Over the years they have been on and off the market but according to CBRE Hotel’s Paul Fraser the latest sales campaign has generated more than 170 inquiries between the properties.

Damian Griffiths. Picture: Elise Searson

They are being offered through an international Expressions of Interest campaigns closing on April 19.

Alfred & Constance in the foreground and, further up the road to the right, the Limes Hotel, are both on the market.

COLLIERS BOSS MOVING ON

Darrell Irwin is leaving Colliers International. Picture Glenn Hampson

A NEW wave beckons on the horizon for Colliers International’s Gold Coast director-in-charge and special projects national director Darrell Irwin.

He is departing the firm after 13 years (including two years at PRD with its founders Gordon and Archie Douglas prior to Colliers buying the business).

Some of Darrell’s most notable recent transactions include the Nobby’s Outlook site that sold for $23.75 million and the $101.5 million Village Roadshow Theme Parks deal.

He is moving to two new roles — one at Robina Group and the other as a director of Clarence Property, the manager of Westlawn Property Trust.

Both roles are based on the Glitter Strip, allowing him continued surfing time and access to his favoured “negotiation” venue — Miami Surf Lifesaving Club’s Piccolo cafe.

Don O’Rorke Executive chairman, Consolidated Properties.

HE is probably known as one of the Brisbane property development’s better surfers around.

And Consolidated Properties’ boss Don O’Rorke has received recognition at the Australian Surfing Awards.

Don has been awarded Surfing Australia Life Membership, having retired from the board of Surfing Australia late last year, after 12 years service.