Businesses in Brisbane's city centre can look forward to a boost in activity during the next three weeks of the Property Council's Fridays in the City.
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Kathy Mac Dermott and Chris Mountford to depart Property Council
The Property Council of Australia has announced that both Chief Operating Officer Kathy Mac Dermott and Queensland Executive Director Chris Mountford will be stepping down to take up other roles.
Ms Mac Dermott has decided to pursue non-executive director board roles and build a consulting practice. Mr Mountford will take up the role of CEO of Independent Schools Queensland.
Property Council Chief Executive Ken Morrison paid tribute to both executives.
“Kathy and Chris have been instrumental in the Property Council’s success for over a decade and leave tremendous legacies,” Mr Morrison said.
The Property Council of Australia is delighted to announce that Auxilium Property Director Andrew Hay, has been elected as the new Queensland President.
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Marginal increase in office vacancy underlines need to support CBDs
The Property Council of Australia’s latest Office Market Report has reinforced the Brisbane office market’s resilience in the face of COVID-19, with only a moderate increase in office vacancy seen over the six months to January 2021.
Released today, the Office Market Report recorded Brisbane’s CBD vacancy rate increasing marginally, from 12.9 per cent in July 2020 to 13.6 per cent in January 2021, and the vacancy in Brisbane’s fringe market increasing from 14.3 per cent to 16.6 per cent over the same period.
Chris Mountford, Queensland Executive Director of the Property Council, said, “The figures show Queensland’s office market has fared remarkably well during this tumultuous time.”