A landmark mixed-use development is slated to accommodate Leederville’s first, new strata offices listed for sale in more than a decade.
Located at 636 Newcastle Street, the development – named ‘The Foundry’ – is a proposed mixed-use project comprising just under 1,900sqm of commercial office and ground floor retail space, ranging in size from 40sqm to 917sqm.
The project, being developed by Megara Group, offers extensive terraced balconies, multi-level landscaped gardens and high-end end of trip facilities, including lockers and bike storage.
CBRE’s Derek Barlow and Knight Frank’s James Baker have been jointly appointed to market for sale the strata office and retail spaces on behalf of Megara Group.
“As a development designed under the recently released ‘Design WA’ R-Codes Volume 2 design codes, Megara has undertaken extensive consultation with the local community, resulting in work spaces that are a true reflection of the style and function of the Leederville area,” Mr Barlow said.
“The Foundry represents the first strata offices to be offered to the Leederville market in over 10 years – providing high quality commercial accommodation options for owner occupiers seeking a work space on the doorstep of a hip, vibrant centre and only minutes from the CBD.”
The sale campaign follows heightened corporate activity in the popular fringe suburban, paving the way for greater demand for commercial space in the area.
Mr Barlow noted: “The opportunity to purchase these strata offices and retail spaces follows ABN Group’s pre-commitment earlier this year to lease a new 9,000sqm development, which will house the group’s headquarters and homebuyers centre, equating to a significant boost to the local economy.
Knight Frank’s James Baker added: “Coupled with Megara Group’s commitment to The Foundry development, it is evident there is increasing confidence in the suburb that will only strengthen as the WA property market continues to recover.”
The Foundry strata office suites are for sale via Offers Invited.
Located at 636 Newcastle Street, the development – named ‘The Foundry’ – is a proposed mixed-use project comprising just under 1,900sqm of commercial office and ground floor retail space, ranging in size from 40sqm to 917sqm.
The project, being developed by Megara Group, offers extensive terraced balconies, multi-level landscaped gardens and high-end end of trip facilities, including lockers and bike storage.
CBRE’s Derek Barlow and Knight Frank’s James Baker have been jointly appointed to market for sale the strata office and retail spaces on behalf of Megara Group.
“As a development designed under the recently released ‘Design WA’ R-Codes Volume 2 design codes, Megara has undertaken extensive consultation with the local community, resulting in work spaces that are a true reflection of the style and function of the Leederville area,” Mr Barlow said.
“The Foundry represents the first strata offices to be offered to the Leederville market in over 10 years – providing high quality commercial accommodation options for owner occupiers seeking a work space on the doorstep of a hip, vibrant centre and only minutes from the CBD.”
The sale campaign follows heightened corporate activity in the popular fringe suburban, paving the way for greater demand for commercial space in the area.
Mr Barlow noted: “The opportunity to purchase these strata offices and retail spaces follows ABN Group’s pre-commitment earlier this year to lease a new 9,000sqm development, which will house the group’s headquarters and homebuyers centre, equating to a significant boost to the local economy.
Knight Frank’s James Baker added: “Coupled with Megara Group’s commitment to The Foundry development, it is evident there is increasing confidence in the suburb that will only strengthen as the WA property market continues to recover.”
The Foundry strata office suites are for sale via Offers Invited.
For Australian/international news or global stories, follow us on Twitter: @cbreaustralia
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.
