Clough to anchor Alluvion office tower

Joint venture partners Charter Hall Ltd and Cape Bouvard Investments have confirmed the signing of Clough Ltd to anchor their new $220 million Alluvion office tower under construction on Mounts Bay Road.

As foreshadowed in WA Business News last September, Clough has secured a lease over 12,560 square metres of office space in the 22,500sqm building and will make the move to the new premises following its completion in April 2010.

Charter Hall confirmed today that Clough has signed a 12 year lease and its 700 personnel will occupy levels 7 to 14 of the A-Grade building, which is situated at 58 Mounts Bay Road with direct level access to St Georges Terrace.

The building will eventually comprise 14 levels of commercial office space, three levels of secure car parking and a triple height foyer, and is aiming to achieve a 4.5 Star Australian Building Greenhouse Rating.

Charter Hall joint managing director David Southon said its successful track record in creating A-Grade commercial office buildings had given it a greater understanding of what tenants such as Clough needed from an office environment to ensure optimal efficiency and productivity.

Lee Pinkerton, Cape Bouvard's general manager, said the group was pleased to secure a tenant of Clough's calibre and was confident the building would be fully let shortly, given agents Jones Lang LaSalle were close to finalising negotiations with tenants.

Cape Bouvard has previously confirmed it will occupy the upper levels of the building.