We are thrilled to announce the newest tenant to our iconic100 King William Street building in the heart of the Adelaide CBD, who will also take on the exclusive signage and naming rights.
We are proud to welcome AGL Energy, who will call two spacious levels of the building over 3,000 square metres home for 10 years; a testament to the innovation, contemporary planning and sustainability credentials of this regeneration.
The agreement marks a new chapter for the increasingly vibrant Adelaide CBD landscape and this building, previously known as the Commonwealth Bank Building.
Relocating from its Eastwood location, AGL will occupy levels 2 and 3 of the tower, accounting for almost 18 per cent of the 17,000square meters available across the building.
AGL joins long-term occupiers CBA, who has recently signed anew 10-year term on a prime retail space on the refurbished ground floor, as well as DW Tucker Fox occupying two floors.
AGL Chief Financial Officer Gary Brown said the company was pleased to provide its people with promising new facilities.
“The new facilities promote and enable innovation and team collaboration while also incorporating sustainable solutions to reduce our footprint,” he said.
“AGL has a long history in South Australia, including with the development of the recently launched 250 MW Torrens Island grid scale battery, and it’s great to be able to renew our commitment to the State.”
Head of Quintessential Assets Noah Warren said the group was proud to be part of AGL's journey to create a workplace that not only promoted efficiency but also aligned with environmental sustainability goals.
"AGL's decision to move their Adelaide office to 100King William Street speaks to the continued flight to quality and location thematic, which we are seeing across the commercial office sector locally and across the country," he said.
"There is clear alignment with our ESG principles, and the refurbishment works we are undertaking will bring the building up to a minimum 4.5 Star NABERS Base Building Energy rating.
"We understand the elements of a commercial office solution, within and around the building, are important for staff retention and ability to attract talent back to the office.
"It is critical to consider how a building's users interact with the space to create activation successfully. Quintessential demonstrates this understanding at 100 King William Street by adding new food and beverage offerings, amenities, third spaces and end-of-trip facilities to facilitate a thriving, social neighbourhood centre."
The extensive regeneration works at 100 King William Street, already underway and expected to reach completion in July 2024, include an upgraded ground floor foyer, a distinctive avenue connecting King William Street to Exchange Place, bookable third spaces, renewed food and beverage offerings, end-of-trip facilities, and a significant façade refurbishment.
This rejuvenation aligns with the growing trend of major occupiers relocating to the city from suburban locations in pursuit of CBD amenities to attract and retain top talent.
We are fully committed to enhancing the energy efficiency of its properties, aligning with environmental sustainability goals and offering atop-notch experience for its tenants.
The $30 million project at 100 King William Street is a significant site adding to our presence in South Australia, one of several investments across the Adelaide CBD and commercial sites.
We couldn't be more excited about this new addition to the100 King William Street family and the transformation that lies ahead. Stay tuned for more updates as we work together to create a dynamic and sustainable future in the heart of Adelaide's CBD.