Perth, 4 February 2014 – The Australian Bureau of Statistics (ABS) will relocate its Perth office to Stockland’s Durack Centre after finalising a 3,058sqm lease agreement.
CBRE Director, Office Services, Lachlan Lewis negotiated the deal – the largest office lease in the Perth CBD in the past 12 months, excluding pre-commitment deals in new development projects.BRE Director, Office Services, Lachlan Lewis negotiated the deal – the largest office lease in the Perth CBD in the past 12 months, excluding pre-commitment deals in new development projects.
ABS will occupy Level 1 and 2, 263 Adelaide Terrance.
“The Durack Centre ticked all the boxes for ABS and Stockland is delighted with the outcome, which means the building is now fully leased,” Mr Lewis said.
ABS will relocate to the A grade Adelaide Terrace building from larger, premium grade offices in Exchange Plaza.
Mr Lewis said the cost differential had been a key drawcard as was the ability to take over the existing fitout.
“The move allows them to become much more efficient in their use of space, saves on fitout spend and significantly reduces their gross rental overheads,” Mr Lewis added.
The announcement of the lease coincides with signs that sentiment is improving in the Perth office leasing market after a difficult last 12 months, during which activity was constrained by a range of factors, including the State and Federal elections.
“There’s certainly been a different sentiment in the market since November and the general consensus is that business confidence is improving, which should translate to increased activity in 2014,” Mr Lewis said.
For Australian/international news or global stories, follow us on Twitter.About CBRE Group, Inc.
