West Perth office building refurbishment capitalises on improving office market

Up to 4,000sqm of space is available for lease at the soon to be refurbished West Perth office tower, 619 Murray Street.

The property owner, ASX-listed Centuria Capital Group, has undertaken significant refurbishment to meet the needs of modern office occupants and capitalise on the improving West Perth office market. Over the past 18 months, Centuria has executed 16 leasing transactions across its West Perth office portfolio.

The buildings upgrade includes a new modernised façade, an enhanced ‘statement’ entrance, new lobby, refurbished floors, mechanical services upgrade and state-of-the-art end-of-trip facilities.

The building comprises ground and two upper floors of 1,300sqm each and a central courtyard providing natural light to all parts of the floor. Secure basement parking is also provided with access to 60 car bays and the end-of-trip facilities.

CBRE’s Colin Gilchrist and Jordan Fitzgerald together with JLL’s Dane Hollingworth and Mitchell White are managing the leasing campaign on behalf of Centuria. The team are marketing areas from partial floors of 600sqm, up to the entire building availability of just under 4,000sqm.

“Availability of buildings this size and position are rare in West Perth. The refurbishment program will present the asset as close to a brand-new building as possible and will provide a high standard of office accommodation,” Mr Gilchrist said.

Nick Hunt, Centuria General Manager of WA noted, “Being 25 years old, we realised that 619 Murray Street needed a facelift, a new lease on life to cater to today’s discerning businesses who require more dynamic working spaces and efficient amenities that lend themselves to a better work-life balance for workers.”

“The building’s expansive space, however, remains intact, making it ideal for large tenants to take a commanding position in a single building or across full floors. We believe this capital investment reinforces our commitment to future tenants in the West Perth market, where we have delivered a strong track record for exceptional office accommodation.”

Mr Hollingworth added, “Tenants will enjoy access to public transport by both bus and train along with proximity to north and southbound freeway entries. The recent opening of BrewDog craft brewpub less than 100 meters away provides additional amenity for prospective occupiers.”

Practical completion is anticipated in June 2024. The building’s new designs were created by Cox Architects.