Melbourne gains in the scramble for corporate HQs

    Press/Media: Press / Media

    Description

    Melbourne has outshone rival capital cities as a corporate location even as the number of ASX-listed headquarters in major markets has shrunk since 2013. The decline in the number of listed firm headquarters is due mostly to declining activity in the resources sector. Cities in which mining and energy play a key role, most obviously Perth, had the greatest headquarters losses, while Melbourne was the only city to gain between 2013 and 2016. That is the period studied by University of Queensland geographer Thomas Sigler, who analysed the distribution of ASX-listed company headquarters in Sydney, Melbourne, Brisbane, Adelaide and Perth. The research showed that as CBDs lost firm activity across all five cities, suburbs gained headquarters, especially inner-ring suburbs near CBDs. Dr Sigler's co-authors were Ben Parker from Queensland's Department of Natural Resources and Mines and Kirsten Martinus, from Centre for Regional Development, at the University of Western Australia

    Period7 Dec 2017

    Media coverage

    1

    Media coverage

    • TitleMelbourne gains in the scramble for corporate HQs
      Degree of recognitionNational
      Media name/outletAustralian Financial Review
      Media typePrint
      Country/TerritoryAustralia
      Date7/12/17
      DescriptionMelbourne has outshone rival capital cities as a corporate location even as the number of ASX-listed headquarters in major markets has shrunk since 2013. The decline in the number of listed firm headquarters is due mostly to declining activity in the resources sector. Cities in which mining and energy play a key role, most obviously Perth, had the greatest headquarters losses, while Melbourne was the only city to gain between 2013 and 2016. That is the period studied by University of Queensland geographer Thomas Sigler, who analysed the distribution of ASX-listed company headquarters in Sydney, Melbourne, Brisbane, Adelaide and Perth. The research showed that as CBDs lost firm activity across all five cities, suburbs gained headquarters, especially inner-ring suburbs near CBDs. Dr Sigler's co-authors were Ben Parker from Queensland's Department of Natural Resources and Mines and Kirsten Martinus, from Centre for Regional Development, at the University of Western Australia
      Producer/AuthorNick Lenaghan
      URLhttps://www.afr.com/property/melbourne-gains-in-the-scramble-for-corporate-hqs-20171206-gzzjuu
      PersonsKirsten Martinus