24/07/2007 - 22:00

CBD tenant search

24/07/2007 - 22:00

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Developer of the $400 million project at 140 William Street, Cbus Property, is on the lookout for tenants to occupy the site’s office and retail space component.

Developer of the $400 million project at 140 William Street, Cbus Property, is on the lookout for tenants to occupy the site’s office and retail space component.

Recently appointed joint venture builder, Diploma Probuild, is expected to complete the landmark development – which will eventually house more than 2,500 workers above the William Street train station – by 2010.

While the state government has committed to leasing 22,000 square metres of office space in the building, around 13,000sq m of office space remains available on the upper levels.

On the retail front, up to 6,500sq m of retail space is earmarked over two floors at ground level ranging from prime Murray Street Mall frontage through to large tenancies on the first floor.

Colliers International associate director retail leasing Richard Cash said the tenancies would attract a mix of retailers from high-end fashion, through to cafes, a food hall and tavern.

Mr Cash said the food hall would occupy the first floor overlooking Murray Street Mall, while a tavern on the same floor would have access to a second floor deck overlooking Murray and William streets.

“Currently there is no available mall frontage space available in the Perth CBD and very little anywhere else in the CBD. The limited offer of space in this development will be keenly sought by national and international tenants,” he said in a statement.

Elsewhere in the CBD, a further four combined office and retail projects are scouting for tenants, including 140 William Street’s near neighbours Raine Square, Century City and the Wesley Arcade.

BankWest-anchored Raine Square has about 4,000sq m of retail space to fill while Century City at 100 St Georges Terrace has a more substantial 15,000sq m of space over four floors fronting the Hay Street Mall.

In addition, about 3,500sq m of space is to come online at the redeveloped Wesley Arcade next year and a further 10,000sq m of retail/commercial space will be available by 2011 at Capital Square, on the former Emu Brewery site.

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