Perth office tower at 85% occupancy

66 St Georges Terrace, an 11-storey office building, owned by RF CorVal, in Perth’s CBD has recently signed three new leases, bringing the total occupancy to 85%. 

ASX listed resource company FMG has leased 1,408sqm while engineering consultancy firm Red Earth Engineering has leased 266sqm and Carbanout has leased 172sqm. 

CBRE’s leasing agents Andrew Denny and Colin Gilchrist negotiated the transactions on behalf of RF CorVal. 

“The leasing success of this building is a result of owners, RF CorVal, adopting a proactive leasing strategy of immediately providing new fit outs to any vacancy in the building,” Mr Denny said. 

The remaining vacancy will have two new fit outs and a modernised existing fit out with availability in December 2023. 

RF CorVal’s Head of Asset Management Con Tsioulos added, “We have recently agreed base terms with an additional tenant for 750sqm which will further increase occupancy to 91.5%”.

Australian Post and a coffee shop are located on the ground floor of 66 St Georges Terrace with other tenants including Datacom, NTT, Omni Bridgeway and Australian Super. The building had an improved NABERS rating in May 2023 and has a 4.5-star energy rating, 5-star indoor environment rating and 4.5-star water rating.