K1 Office Tower in Fortitude Valley Fully Leased

The new A-grade K1 office tower at 1 King St, Fortitude Valley is fully leased, the Courier-Mail reported.

The nine-storey tower, which was developed by Lend Lease and then acquired by Melbourne-based syndicator Impact Investment Group for $130 million, is almost complete.

The Courier-Mail reported that education company Pragmatic Training  has taken 3600 sq m in the building and electronics payment processing business Ezidebit 1800 sq m are the latest to commit.

ASX-listed telecommunications and electronics company Vita Group  is reportedly set to take 3600 sq m.

They will join the Robert Bird Group 1300sq m and Lend Lease with 5500sq m in the building.

All the leases are long term and the face rent was about $600sq m with generous incentives.

The property is part of Lend Lease’s $2.9 billion redevelopment of the RNA Showgrounds redevelopment.