New Tenancy Approval For Office At The Peregian Digital Hub
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1Committee RecommendationCarried
Moved: Nicola Wilson · Seconded: Karen Finzel
That Council note the report by the Director Digital Hub and Innovation; and
A. Award the commercial lease of the Lease Area C premises at the Peregian Digital Hub of 75m2 to Cova AI Pty Ltd. for a one (1) year term, as outlined in the Lease Proposal at Confidential Attachment 2
B. Authorise the CEO or delegate to execute a subsequent two (2) year lease extension, subject to the lessee complying with the terms of the lease.
Carried.
For 3 named
Karen Finzel
Nicola Wilson
Jessica PhillipsAgainst 0 named
Official minutes · section 1
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| Committee Recommendation |
| Moved: | Cr Nicola Wilson |
| Seconded: | Cr Karen Finzel |
That Council note the report by the Director Digital Hub and Innovation; and A. Award the commercial lease of the Lease Area C premises at the Peregian Digital Hub of 75m2 to Cova AI Pty Ltd. for a one (1) year term, as outlined in the Lease Proposal at Confidential Attachment 2 B. Authorise the CEO or delegate to execute a subsequent two (2) year lease extension, subject to the lessee complying with the terms of the lease. |
Carried. |
| For: | Cr Karen Finzel, Cr Jessica Phillips, Cr Nicola Wilson |
| Against: | None |
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Named discussion on NoosaWatch TV
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Jessica Phillips1:47No questions? All those in favour? Aye. Thanks, Karen. No presentations, no deputations, Reports for consideration of the Committee. First up, we have item 7.1, the new tenancy approval for the office at the Peregian Digital Hub, and we have Chris in the room.
So at the digital hub, we have four office spaces, which we tend to technology companies on preferably a multi-year basis, so that we don't have to go through a regular letting program. We had one of our tenants wrap up with us earlier this year and elect not to extend their lease and we have sourced a new tenant, which is an exciting AI company that's had a strong link with the digital hub that will be taking that would up the tenancy hopefully very shortly company could cover who are building technology AI technology for the insurance sector our commercial real estate partners Colliers undertook a sourcing campaign marketing campaign to sources tenants and for those that aren't aware perform the tenant ensure that it's due diligence commercial fit with the hub we have the tenant due to ensure that it's an industry and commercial fit with the hub we have one qualified tenant application for this which was the this company cover and this report is that we award the lease and authorise the CEO to delegate a subsequent lease extension should the tenants wish to take that up.
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