Adelaide, 02 May 2016- Morgan Stanley has committed to a 370sqm office in the recently transformed 2 King William Street.
2 King William Street underwent a major refurbishment in 2014. The former Westpac building is a state heritage-listed building with six levels of office space, ground floor retail and a rooftop bar and restaurant.
CBRE’s Michael Pfitzner negotiated the eight year lease on behalf of owners 2 King William St Pty Ltd for an undisclosed rental sum.
Mr Pfitzner said the faithfully restored property enjoys a prominent location on the corner of King William Street and North Terrace and has become a landmark in the Adelaide business sector. Morgan Stanley joins groups such as Commercial & General, Rabobank and Built, along with the popular Jamie’s Italian and 2KW rooftop bar & restaurant.
“In addition to the location, the building has been immaculately transformed to a product that has allowed the property to retain its character but provide a high level of accommodation throughout,” Mr Pfitzner said.
“With a tight market, properties that can provide a point of difference are distancing themselves from the pack as tenants look for that edge and importantly a workplace where their employees enjoy working. The property’s location should also not be discounted with Adelaide Oval and the river close by, as well as the education and hospital precincts.”
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