Forum Group – an B2B solutions specialist – has capitalised on favourable conditions in Perth’s office market, relocating its headquarters from the city fringe to the CBD.
Forum Group has inked a five-year lease on a 278sqm office property on the eighth level of 182 St Georges Terrace – a 10-level office tower located in the western end of the CBD, only a few metres from King Street.
The building, which was recently acquired by Zone Q, is undergoing extensive refurbishments with a strategy to deliver first-class and functional offices and amenity.
CBRE’s Colin Gilchrist negotiated the five-year lease on behalf of Zone Q for a rental of $450 per square metre (net).
“As part of overall repositioning of the building the landlord is undertaking a major lobby upgrade, integrated end-of-trip facilities, shared boardroom and a new café opening out onto St Georges Terrace,” Mr Gilchrist said.
“Forum Group was drawn to the building given the existing and future building upgrades, combined with the owner’s flexibility and capacity to design and construct a purpose-built fitout for their specific requirements.”
Zone Q Asset Manager Luke Finkelde commented: “We have welcomed five new tenants to the building since Q3 last year and anticipate an influx of leasing activity once the refurbishment works are completed by end of May.”
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CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.