Perth, 26 February 2013- Law firms Herbert Smith Freehills and Clayton Utz have renewed their lease terms in the landmark QV.1 office tower in Perth for ten and seven years respectively.
QV.1 is co-owned by Investa Nominees and Commonwealth Superannuation Corporation (CSC), represented by Eureka Funds Management.
The building is managed by CBRE’s Premier Properties Group. The new leasing deals were finalised between QV.1’s General Manager Paul Teraci and Chris Hynes, CBRE Regional Director on behalf of Herbert Smith Freehills and James Carslaw of LPC Propertysolve, on behalf of Clayton Utz.
“QV.1 is very proud to announce the long term lease renewal with Herbert Smith Freehills and Clayton Utz. Both firms have occupied our premises for many years now and their decision to both extend their leases reflects their satisfaction with the services and facilities that the building offers,” Mr Teraci said.
Jason Leong, Chief Operating Officer, Investa Nominees said; “We’re very pleased to have secured tenants of this calibre for QV.1. The renewals equate to more than 10,000sqm of space and are a strong endorsement of the quality of this asset.”
Christine Phillips, Fund Manager at Eureka Funds Management, commented; “The ownership team dedicate significant resources to ensure that QV.1 remains a best-in-class, premium office asset. These new long-term commitments from two top tier legal firms are testament to this hard work and demonstrate the strong relationships between all parties.”
QV.1 is a fully occupied commercial building located on 250 St Georges Terrace, adjacent to Perth’s premier business district. The 43-storey building features conference facilities, a retail plaza and is adjoined by a five-level car park with roof top recreational facilities.
In 2012, QV.1 achieved a 5 star NABERS Energy and 5 star NABERS Indoor Environment rating for its efficient management and excellent environmental performance. QV.1 has again achieved a 5 star NABERS Indoor Environment rating for 2013.
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