Growth in the decentralised energy market has sparked new tenant activity in the Perth CBD, with Power Ledger securing an address along St Georges Terrace.
Power Ledger is a relatively new business that allows renewable energy asset owners to decide who they want to sell their surplus energy to, and at what price, using block chain technology.
The Western Australian-based company has signed a lease on its new office, which spans 257sqm across level six of 218 St Georges Terrace – a B-grade building in the western end of the CBD.
Building rents are $390/sqm to $430/sqm net per annum.
CBRE’s Andrew Denny negotiated the lease on behalf of lessor, Winston Holdings.
Mr Denny said the new premises would support Power Ledger’s growing operations in the Perth market.
“The deal is one in a series of recent B-grade office lease negotiations in the Perth CBD, highlighting the market’s shift from the bottom,” Mr Denny said.
“The Perth CBD has seen a number of transactions in B grade buildings in 2017, unlike 2016 when virtually all transactions were in the higher grade office buildings.”
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