dexus lands major perth office lease

As well as the government’s 8,459sq m deal, international engineering firm BG&E has taken 2,448sq m and P&N bank 3248 sq m bringing the total to over 14,000sq m of space leased.

Dexus Portfolio Manager Tim McGuane was pleased to welcome our new customers to Kings Square who will move in progressively over the next six months.

“With Perth undergoing a mining employment recovery, we are seeing more optimism from the broader business community wanting to invest in their workplace to attract and retain talent,” McGuane said.

Occupancy will now rise to 89.7 per cent at Kings Square, which provides in excess of 50,000sq m of office and retail space.

Digby Sutherland joint managing director of Sheffield Property negotiated the leases.

“These deals continue the trend of companies relocating from fringe CBD and suburban locations to Kings Square and setting themselves for better times ahead by relocating to Prime buildings,” Sutherland said.

Kings Square is part of the Perth City Link precinct that reconnects the CBD to Northbridge following the King Street extension which was completed in early 2018.

The City Link project has sunk the existing rail line and Wellington Street Bus Station which has separated Perth and Northbridge, opening up 13.5 hectare of developable space for residential and commercial offerings, while also creating a world-class transport hub.

Source link