Australian exploration company Legacy Iron Ore has relocated from West Perth to the CBD after striking a part floor lease deal in 200 Adelaide Terrace.
CBRE’s Andrew Denny negotiated the 268sqm lease at a net rental of $240/sqm.
“Adelaide Terrace has the most competitive rents in Perth, including the city’s outer suburbs,” Mr Denny said.
“The low asking rent at 200 Adelaide Terrace, plus other key flexible terms offered by the lessor, underpinned Legacy’s decision to relocate to the building.”
The tenancy also offered an existing fitout which, with some minor modifications, suited Legacy’s needs.
The lease involves part of level 6 in the building, which is owned by Mary Donald Nominees. The 7,300sqm building is home to major occupiers such as Holcim and the legal firms Havilah Legal and MKI Legal.
CBRE’s Andrew Denny negotiated the 268sqm lease at a net rental of $240/sqm.
“Adelaide Terrace has the most competitive rents in Perth, including the city’s outer suburbs,” Mr Denny said.
“The low asking rent at 200 Adelaide Terrace, plus other key flexible terms offered by the lessor, underpinned Legacy’s decision to relocate to the building.”
The tenancy also offered an existing fitout which, with some minor modifications, suited Legacy’s needs.
The lease involves part of level 6 in the building, which is owned by Mary Donald Nominees. The 7,300sqm building is home to major occupiers such as Holcim and the legal firms Havilah Legal and MKI Legal.
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About CBRE Group, Inc.
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.
About CBRE Group, Inc.
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.
