Perth

Cyber safety specialist leases new home on the Terrace

Cyber safety specialist Family Zone has swooped on a new tenancy in one of Perth’s most sought after business destinations, 45 St Georges Terrace.

18 Feb 2021

Cyber safety specialist Family Zone has swooped on a new tenancy in one of Perth’s most sought after business destinations, 45 St Georges Terrace.

The new 1090sqm speculative fitout, located on the third level of 45 St Georges Terrace, was leased by Family Zone in less than eight weeks of going to market – highlighting the depth of demand for quality fitted office accommodation in the Perth CBD.

Family Zone - a cyber safety specialist that focuses on creating safe digital environments for children – has signed a five-year lease at a rental of $495 per square metre (net) on the tenancy.

CBRE’s James Phelan, who negotiated the deal on behalf of Redhill Partners, said the fast lease period highlighted the quality office offering at 45 St Georges terrace.

“This tenancy was just one of few fitted options over 1,000sqm in size in the Perth CBD office market. The new fitout offered an appealing layout as well as flexibility for minor modifications that suited Family Zone,” Mr Phelan said.

“This tenancy was on the market for less than eight weeks, which is an exceptional outcome for the landlord, underlining the success of the building’s speculative fitout strategy.”

Over the past two years, Redhill Partners has repositioned 45 St Georges Terrace, with an upgraded lobby and new speculative fitout strategy. The building’s occupancy has increased significantly since purchase and is now over 95% leased with a WALE of circa five years.

 

 

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 Dallas, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 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.

Disclaimer:

Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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 https://www.cbre.com.