By Nick Lenaghan Originally published by Commercial Real Estate on 21 July 2016.

The concept of Dexus Place has caught on so well a fourth site will open in Sydney in October.

Dexus Place has space at 1 Margaret Street in Sydney as well as 385 Bourke Street in Melbourne and Waterfront Place in Brisbane.

When the next space opens at 1 Farrer Street in Sydney, Dexus will have dedicated 3,800 square metres to the facility.

Dexus Place is highly versatile: its uses range from business lounge and conference facility, to short-term office space and training room.

It can provide space for interstate clients wanting to meet or work, or to showcase their business in another city.

It is also represents the way Australia’s largest landlord is responding to the fast-emerging sector of co-working hubs and flexible workspaces.

As Deborah Coakley, executive general manager for people and property services, explains, co-working hubs are “traditionally” aimed at smaller-to-medium-size firms and start-ups.

“What Dexus Place does is take that flexible space to the larger organisation,” she said. “We are the next version of co-working hubs.

“That collaboration that happens in co-working hubs between people, we give organisations the ability to bring people together and get them to co-work across divisions or in strategy meetings.”

Dexus Place is highly versatile: its uses range from business lounge and conference facility, to short-term office space and training room
Dexus Place Sydney
Dexus Place now open at 1 Farrer Place, Sydney, NSW.

Users of Dexus Place are mostly members – and typically Dexus tenants – who pay long-term fees. About 30 per cent are casual users, who may later decide to become members.

Some clients will bring scattered staff together for training at Dexus Place. Others may use it for a product launch or to hold auctions.

“There is not a one-size-fits-all reason for members of Dexus Place,” said Ms Coakley.

In some cases a Dexus Place member will take time in all three existing venues, to conference through the high-tech immersive studio.

The 21-seat studio allows participants to engage in multiple conversations, move around the room, and link with multiple sites.

The article represents the views of the author only and not those of Dexus.

 
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