Hamilton Harbour has signed the first major tenant for its KSD commercial development, signaling its emergence as Brisbane’s newest business hub.

Tenant demand for KSD has been strong, with the Brisbane fringe office market experiencing a rapid tightening of vacancy.

With construction now underway on KSD’s first commercial building, set to open in late 2012, business heavyweight Domino’s Pizza Enterprises Limited has signed to move its corporate headquarters there.

Hamilton Harbour project director John Campbell said welcoming Domino’s to the precinct was a significant and exciting milestone for developers Leighton Properties and Devine Limited and followed the recent announcement of Woolworths as key retail tenant.

“Attracting major businesses likes Domino’s to KSD is set to boost the area as a major commercial hub and benefit the entire local economy,” said Mr Campbell.

Domino’s has secured 2,513 square metres of commercial office space across two of the building’s five levels for its new headquarters, in a 15-year-lease negotiated by Jones Lang LaSalle’s Don Mackenzie & Tom Barr.

Domino’s Chief Development Officer, Pat McMichael, said 140 staff will move to KSD in early 2013 from the company’s current Albion headquarters, with the new space providing additional room to grow.

“We are excited to be moving to a new office at Hamilton Harbour.  Growth in our business has seen us bring key functions in-house and we need additional space and better amenities to cater for our employees,” Mr McMichael said.

KSD offers a total of 6,500 square metres of commercial space in a variety of flexible office configurations and 5,000 square metres of prime retail space, which according to Mr Campbell, is proving extremely attractive to businesses wanting to be part of a brand new, high-end development.

“With close proximity to both Brisbane Airport and Brisbane CBD via Kingsford Smith Drive and the Brisbane River and the benefits of public transport and basement carparking for staff and customers, we hope to announce more new tenants for the precinct soon,” Mr Campbell said.

The opening of KSD will also coincide with the completion of Hamilton Harbour’s third and final residential tower, the 20-level Riverside Hamilton. Existing residential towers Hamilton One and Hamilton Two were completed in late 2011 and are now home to hundreds of residents.