23/06/2008 - 15:32

P&N Society signs with Charter Hall

23/06/2008 - 15:32

Bookmark

Upgrade your subscription to use this feature.

Charter Hall Group Ltd has announced that the Police and Nurses Credit Society has officially signed a 10 year lease at the ONE30 Stirling Street project, located on the fringe of Perth's CBD area.

P&N Society signs with Charter Hall

Charter Hall Group Ltd has announced that the Police and Nurses Credit Society has officially signed a 10 year lease at the ONE30 Stirling Street project, located on the fringe of Perth's CBD area.

 

The full announcement is below:

Charter Hall Group, one of Australia's leading property fund managers and developers, is pleased
to announce the signing of Police & Nurses Credit Society to a 10 year lease at the Core Plus
Office Fund's ONE30 Stirling Street project, an impressive new commercial office building on the
fringe of Perth's CBD.
Police & Nurses, WA's largest home-grown and locally run financial institution, has secured
4,100m2 of A-grade office space in the highly efficient development occupying 3,000m² typical
floor plates with the benefit of a very high parking ratio of 1 bay per 42m² of lettable area. Police
& Nurses Credit Society will consolidate and relocate their two offices in Adelaide Terrace to their
new headquarters at ONE30 Stirling Street in mid 2009.
The building, comprising 4 levels of commercial office space over 11,500m2 with 740m2 of
associated retail space, is being developed by Charter Hall's highly skilled and experienced inhouse
development team on behalf of the Core Plus Office Fund. In accordance with Charter
Hall's ESG policy, balance ® the Group will target a 4.5 star ABGR and a 4 star Green Star Rating
and use the latest in ecological sustainable design including chilled beam air-conditioning to
greatly reduce energy consumption.
Charter Hall's Perth based Development Manager, Chris Pratt advised that "the building will offer
a superior product on the edge of the Perth CBD, being ideally suited to tenants requiring
environmentally advanced, modern and highly efficient office space, which is increasingly
regarded by many progressive companies as being essential for retaining and attracting skilled
employees in a highly competitive labour market."
ONE30 Stirling Street was primarily selected by the Police & Nurses Credit Society because of its
accessibility to the city, local amenities and surrounding transport links.

David Harrison, Charter Hall's Joint Managing Director said: "The emerging precinct is proving a
winner with new tenants, who are seeing value in the area without compromising on a city
location. Existing multinationals within the Charter Hall complex include international engineering
group Hatch and we expect further space to be committed in 2008, well ahead of the expected
2009 project completion. The development reinforces Charter Hall's ability to identify and
capitalise on opportunities in new growth areas having identified Perth's growth early in the
cycle".
Police & Nurses's Chief Executive, Fred Huis said: "ONE30 Stirling Street provides our
organisation with an efficient new platform from which to operate and grow our business further
with a corporate image and staff amenity to endure for at least the next 10 years".
The ONE30 Stirling Street site and adjoining Hatch building were acquired by Charter Hall's
$1.5 billion Core Plus Office Fund (CPOF) in 2006 which is mandated to provide enhanced
returns from exploiting value add opportunities within a national portfolio in key office markets
across Australia.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options