25/06/2019 - 15:39

Primewest lands Fugro at West Perth

25/06/2019 - 15:39

Bookmark

Save articles for future reference.

Primewest has struck a deal with international engineering firm Fugro to lease more 3,000 square metres at one of its West Perth buildings.

Primewest lands Fugro at West Perth
John Bond says Primewest has leased more than 23,000sqm of space in just over 12 months.

Primewest has struck a deal with international engineering firm Fugro to lease more 3,000 square metres at one of its West Perth buildings.

The property fund manager said the deal for 1060 Hay Street was a major coup, as large, blue-chip tenants were usually attracted to the CBD by the major property groups representing CBD landlords.

“To make the deal come together, Primewest had to approach an existing tenant from 1060 Hay Street and bring Fugro from two sites – the Alluvion building in the Perth CBD and a suburban office site in Balcatta,” it said.

Primewest leasing manager Jemma Hutchinson said the positive outcome had been achieved within two months of commencing an in-house leasing campaign and now left just 560sqm of space in the building.

Primewest director John Bond said the company had been utilising creative expansion and leasing strategies across its national assets, with particularly strong recent results in Western Australia, including the Quadrant and Australia Place CBD office buildings.

“In just over 12 months, Primewest has leased more than 23,000sqm of space across our portfolio,” he said.

Primewest has more than $3.5 billion in assets.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options