18/09/2007 - 22:00

Emerson to brewery

18/09/2007 - 22:00

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The Old Swan Brewery is best known for its restaurants, function centre and apartments, but its commercial office wing has attracted a new tenant in project management firm Emerson Stewart, which is moving this weekend from St Georges Terrace.

Founded two years ago, Emerson Stewart will be leasing 350 square metres for its corporate office.

Managing director Dario Amara said the firm had only 12 head office staff, with most of its staff located in project offices. 

He added that most of the firm’s clients were in West Perth and therefore there was little benefit from being located in the city.

The relocation comes as Emerson Stewart continues to expand and prepare for a stock market listing during 2008.

The firm recently reported 200 per cent growth in revenue for the 2006-07 financial year, with clients including Territory Resources, Crescent Gold, Precious Metals Australia, Straits Resources, INPEX and Australasian Resources.

It has engaged Argonaut Capital as corporate adviser and appointed former Macquarie Bank executive Jason Farrow as a non-executive director.

Emerson Stewart will join five other businesses in the Old Swan Brewery, with the largest being Sydney-based property and construction company Multiplex Group Ltd, which redeveloped the former brewery prior to its reopening in 2001.

Other tenants are Multiplex Group’s Perth-based residential development arm Multiplex Living, and mining companies Dragon Mining NL and GVM Metals Ltd.

The building is also home to Saliba Sassine’s corporate finance group Allegra Capital Ltd, and is the registered office of some of the companies Allegra has co-founded, including Helicon Group Ltd and Territory Uranium Ltd.

Emerson Stewart will be filling space left by fast-growing digital marketing agency Market United Ltd, which recently moved to offices in Hay St, West Perth.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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