Virgin Blue has announced that it has appointed Jones Lang LaSalle to manage its property portfolio, including managing the sale and leaseback of its Brisbane headquarters, the ‘Virgin Village’.
According to Jones Lang LaSalle, Virgin Blue will continue to be the sole tenant at the campus-style Virgin Village, which houses approximately 1000 employees. No estimate of the value of the sale has been given, but it is expected that this will help to bolster Virgin Blue’s cash reserves following a major capital raising earlier this year which raised $231.4 million.
This content is available exclusively to Australian Aviation members.
To unlock all Australian Aviation magazine content and again unlimited access to our daily news and features, become a member today!
A monthly membership is only $5.99 or save with our annual plans.
PRINT
See benefits
- Australian Aviation quarterly print & digital magazines
- Access to In Focus reports every month on our website
MOST POPULAR
PRINT + DIGITAL
See benefits
- Unlimited access to all Australian Aviation digital content
- Access to the Australian Aviation app
- Australian Aviation quarterly print & digital magazines
- Access to In Focus reports every month on our website
- Access to our Behind the Lens photo galleries and other exclusive content
- Daily news updates via our email bulletin
DIGITAL
See benefits
- Unlimited access to all Australian Aviation digital content
- Access to the Australian Aviation app
- Australian Aviation quarterly print & digital magazines
- Access to In Focus reports every month on our website
- Access to our Behind the Lens photo galleries and other exclusive content
- Daily news updates via our email bulletin
Under the three year agreement Jones Lang LaSalle will manage all Virgin Blue leases, licenses and owned property assets across Australia, New Zealand and the South Pacific.