Perth, 27 October 2015 –Australian developer Frasers Property has inked a new lease deal in West Perth to accommodate its Western Australian headquarters.
Formerly Australand, Frasers Property has signed an eight-year lease on the 1,236sqm office located on the second level of 1 Havelock Street.
CBRE Office Services Director Luke Bray, who negotiated the deal on behalf of lessor Ascot Capital, said the quality offering of the property was a key factor underpinning the deal.
“Frasers Property was attracted to the quality refurbished space on offer, the high car bay allocation and the prime West Perth location which is walking distance to the CBD,” Mr Bray said.
“1 Havelock Street has recently undergone a number of upgrades, with the building boasting new end of trip facilities and refurbishment to the ground floor lobby and level two office space.”
Frasers Property relocated from West Leederville.
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CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.