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PROPOSED LEASE TENANCY FOR PEREGIAN DIGITAL HUB · Nabooki - Leasing Overview and Recomendations 2023
Level 5, 57 The Esplanade PO Box 796 MAIN +61 7 5478 3788
Cotton Tree QLD 4558 Cotton Tree QLD 4558 FAX +61 7 5443 5982
www.colliers.com.au EMAIL [email protected]
13 March 2023
Robyn Mercer & Chris Boden
Noosa Council (Commercial Property)
PO Box 141
TEWANTIN QLD 4565
Dear Robyn and Chris,
Re: Leasing of Peregian Digital Hub
Thank you for the privilege of allowing us to assist with your tenant search for the Peregian Digital
Hub (the Hub). It is the view of Colliers International Sunshine Coast that the successful placement
of Nabooki Pty Ltd (hereinafter Nabooki) will be consistent with Noosa Council’s strategic objective
of bringing together the optimal mix of technology companies to the Hub. This letter outlines the
process that was followed to procure Nabooki in addition to our assessment of Nabooki as a
potential tenant for the Hub.
Procurement Process
Colliers (Sunshine Coast) followed the procurement processes required of Council in addition to
generally accepted methods of advertising online and approaching potentially suitable tenants
within our own database. The below table outlines the timeframes surrounding the tenant
procurement.
Procurement Timeline
3rd February 2023 Publicly advertised Tenancy online via major commercial real estate
websites:
• Realcommercial.com.au
• Commercialrealestate.com.au
• Colliers.com.au
Enhance Listing to Elite Plus status (premium advertising) on
Realcommercial.com.au
Colliers International (Sunshine Coast) Management | ABN 83 600 592 069
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Level 5, 57 The Esplanade PO Box 796 MAIN +61 7 5478 3788
Cotton Tree QLD 4558 Cotton Tree QLD 4558 FAX +61 7 5443 5982
www.colliers.com.au EMAIL [email protected]
Re-establish “Enquiry registration portal” for potential tenants to
register their interest in the space and provide details about their
business.
10th February 2023 Quarter page Advertisement in Noosa news.
8th March 2023 Offer to Lease applications and information sent to relevant parties
who had enquired on the tenancy.
Many enquiries were rejected on the basis that they were not “tech-
based businesses”.
13 March 2023 Applications closed.
Tenant Overview: Nabooki Pty Ltd
Nabooki build and operate white label marketplaces across a wide range of government and
corporate clients. Based on the Sunshine Coast (with the Hub set to be their new Headquarters)
the company has staff in Sydney, Holland, Philippines and an advisory board in the United
Kingdom and USA.
Tenant Assessment Criteria
Commercial Terms 19/20 The commercial lease terms provide an increase on
the previously obtained commencing rents for the
building while providing a fair and competitive
accommodation solution for the tenant.
The rental rate offered is higher than most Sunshine
Coast commercial office space on “face-value”
however the ancillary benefits provided to the
tenant well-justify the higher rental rate as the entire
deal represents excellent value for money.
Business Track Record 20/20 From their beginnings building e-commerce booking
solutions for the likes of Groupon and Scoopon,
Nabooki have grown to build solutions for major
clients such as South Australian Tourism
Commission, Tourism Tasmania, South Australia
Department of Innovation, Queensland Department
of Education, City of Sydney, Woolworths, NRMA and
Colliers International (Sunshine Coast) Management | ABN 83 600 592 069
Page 3
Level 5, 57 The Esplanade PO Box 796 MAIN +61 7 5478 3788
Cotton Tree QLD 4558 Cotton Tree QLD 4558 FAX +61 7 5443 5982
www.colliers.com.au EMAIL [email protected]
Westpac. Their products continue to evolve and be
utilised in national, international, and local based
businesses.
Capability and Resources 20/20 Based on the information provided in the Statement
of Consolidated Accounts (2022) I am confident that
Nabooki Pty Ltd will be able to meet the financial
obligations of the lease.
Suitability & Compatibility 18/20 Nabooki is conscious of their ESG impact and engage
a regular self assessment process to assess their
environmental performance and identify areas for
continuous improvement. Continuous reductions in
consumption of paper, fuel and electricity are
achieved through active measures.
Contribution to Local 18/20 Nabooki is a committed and active member of the
Economy Sunshine Coast Tech community. Committed to
training the “tech professionals of the future”
Nabooki has run a successful Trainee program to
develop local skills. Their platform is primarily based
on community economic development and
providing marketing opportunities and exposure for
local business.
Total Assessment 95/100 It is the opinion of Colliers that Nabooki are an
excellent fit for the Peregian Digital Hub.
Conclusion
We again thank you for the opportunity to work alongside Noosa Council to find a suitable
tenant for the Peregian Digital Hub. Having followed the Council’s due process and having
assessed the potential tenant against the Council’s criteria, we strongly support the application
of the two applications and can be called upon anytime to provide further feedback.
Yours sincerely
Colliers International
Michael Polkinghorne
Director – Real Estate Management
Colliers International (Sunshine Coast) Management | ABN 83 600 592 069
Page 4
Level 5, 57 The Esplanade PO Box 796 MAIN +61 7 5478 3788
Cotton Tree QLD 4558 Cotton Tree QLD 4558 FAX +61 7 5443 5982
www.colliers.com.au EMAIL [email protected]
Annexure A – Advertising Documentation:
Newspaper – 10th February 2023
Colliers International (Sunshine Coast) Management | ABN 83 600 592 069
Page 5
Level 5, 57 The Esplanade PO Box 796 MAIN +61 7 5478 3788
Cotton Tree QLD 4558 Cotton Tree QLD 4558 FAX +61 7 5443 5982
www.colliers.com.au EMAIL [email protected]
Flyer
Colliers International (Sunshine Coast) Management | ABN 83 600 592 069
Page 6
Level 5, 57 The Esplanade PO Box 796 MAIN +61 7 5478 3788
Cotton Tree QLD 4558 Cotton Tree QLD 4558 FAX +61 7 5443 5982
www.colliers.com.au EMAIL [email protected]
Colliers International (Sunshine Coast) Management | ABN 83 600 592 069