Perth, 13 November 2014 –Charter Hall has secured three new major new tenants for more than 5,700sqm of office space at 225 St Georges Terrace as it progresses with a $12 million refurbishment of the landmark Perth office tower.
Western Australia’s leading independent law firm Jackson McDonald, Marsh & McLennan firms Marsh and Mercer and Aquila Resources have all committed to the prime CBD building.
CBRE Director of Office Leasing, Luke Bray, negotiated the 10-year Jackson McDonald commitment over levels 15, 16, 17 and half of 18.
A seven year lease to Marsh & McLennan firms Marsh and Mercer over Level 6 and a five year lease to Aquila over level 14 were both negotiated through JLL’s Head of Office Leasing, Nick Van Helden.
Approximately 13,250sqm of space became available in March when former tenant
BHP Billiton’s lease expired. On behalf of Charter Hall, CBRE and JLL are seeking tenants for the remaining office areas ranging in size from 150sqm to 7,000sqm.
Mr Bray said there had been strong tenant interest in the building, which benefitted from an iconic design, a generous parking ratio and a coveted west end location away from the traffic congestion being created in the CBD core as a result of the Elizabeth Quay development.
“This was one of the attractions for Jackson McDonald as were the large floor plates in the upper levels of 225 St Georges Terrace, which offer excellent views of the Swan River and Kings Park,” Mr Bray said.
“The extensive refurbishment programme being undertaken by Charter Hall has been another draw card, providing a high level of tenant services, including a large new end of trip facility with showers, change rooms, lockers and drying rooms and increased capacity for bike storage in the basement.”
The Charter Hall works program includes refurbishing the lift lobbies and bathrooms on the floors plus new finishes to the tenancy areas.
Three new powerpax chillers have been installed and the passenger lifts have undergone a recent modernisation, incorporating a new Schindler destination control system. A Building Management System upgrade is also underway.
While the building currently has a 3.5-star NABERS Energy rating, Charter Hall is targeting a 4.5-star rating on completion of the refurbishment works.
JLL’s Mr Van Helden said the extensive refurbishment program was further increasing the appeal of the prestigious 19 level building, which was readily identifiable by its external stonework and features such as a horse sculpture above the front entrance designed by Italian sculptor Ludovico De Luigi.
Other unique features include towering wooden entrance doors which lead through to the ground floor reception area and a unique parterre garden at the rear of the building.
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About CBRE Group, Inc.
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 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 350 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 atwww.cbre.com.au.