CBRE secures high profile appointment for Ipswich City Council’s Nicholas Street Precinct

Ipswich City Council has selected CBRE to provide property management, retail leasing, retail marketing and placemaking services for the Nicholas Street Precinct, the Ipswich CBD’s leading entertainment and cultural destination.

The Nicholas Street Precinct attracts millions of visitors annually and is a hub for culture, arts, casual dining, retail and events, offering everything from monthly markets to free open-air music and engaging school holiday programs.

CBRE was selected as the Precinct Manager for a three-year initial term following an extensive procurement process.

Ipswich Mayor Teresa Harding said council was proud to engage the leading retail and leisure asset manager in the country to manage the award-winning Nicholas Street Precinct.

“CBRE are industry leaders and that means they are the perfect choice for council and our community to be confident in the future of our immensely popular Nicholas Street Precinct,” Mayor Harding said.

“The Nicholas Street Precinct has undergone a once-in-a generation transformation to become Ipswich’s go-to destination for entertainment and dining, and council looks forward to the partnership with CBRE which will no doubt take the precinct to even greater heights.”

In addition to management and leasing services, CBRE’s Place Advisory team will focus on embedding strategies to build on the transformative impact of the 20,000sqm+ Nicholas Street precinct as a thriving community hub.

“Our team is eager to contribute to the ongoing performance of the precinct to ensure its continued growth and success,” said Sheree Griff, Head of Retail and Place Advisory for CBRE’s Property Management business.

“We are committed to working with the council and all stakeholders to ensure the precinct remains a 'must-do' destination for both locals and tourists.”