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JBWere makes a major move to the tower

JBWERE has moved its offices into the BankWest tower after 28 years next door in the AMP building

BankWest secured the wealth management firm on an eight-year lease on level 44 of the office tower and JBWere relocated this week.

The firm’s departure is one of a series of exits from the AMP building, including two key tenants, Freehills and Computer Sciences Corporation. Freehills moved out earlier in the year to QV1 and Computer Sciences Corporation is relocating to its new corporate headquarters in Subiaco. 

AMP Financial Services has relocated its remaining staff in the building to its new West Perth headquarters.

JBWere State manager Brad Gale said it was time for the firm to move and have a fresh face.

"You need to update and refresh every eight or 10 years," he said.

Mr Gale said it took about eight months to choose a building location, with the top three locations shortlisted including the AMP building, BankWest tower and The Quadrant.

"BankWest Tower provides us with a centrally-located prestige building with modern conference facilities," he said.

"It’s exactly the professional environment we are looking for as we expand our WA business."

Mr Gale said the firm’s strategy was to grow its private investment, wealth management and financial planning businesses in the State.

JBWere’s move will coincide with the firm’s 50th anniversary celebrations in WA and the pending name change to Goldman Sachs JBWere.

BankWest has also secured prominent Perth property developer Saracen Properties to occupy level 50 of the tower, and is in discussions with a number of parties to lease-out levels 35-39.

Currently, each of these floors is occupied by legal firm Clayton Utz, which is leaving the tower in September.

In addition, the bank has recently negotiated new deals with current tenants HIC and Medibank Private. HIC has agreed to a new five-year lease for four levels in the tower, while Medibank Private will remain leasing level 16.

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