24/02/2021 - 08:00

Primewest secures new tenant

24/02/2021 - 08:00

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Real estate funds manager Primewest has signed mining software company Micromine and Sinosteel as new tenants at 251 St Georges Terrace.

Primewest secures new tenant
Primewest plans to revamp the ground floor of 251 St Georges Terrace this year. Photo: Primewest

Real estate funds manager Primewest has signed mining software company Micromine and Sinosteel as new tenants at 251 St Georges Terrace. 

The building has undergone a refurbishment, with Micromine committing to about 1500sqm over levels five and six. 

The two floors completed a revamp in late 2020, featuring an interconnecting staircase as well as a balcony. 

Work is continuing on the nine-storey office building, which will include the installation of new end-of-trip- facilities as well as a full ground floor and lobby refurbishment that Primewest hopes will increase the connectivity between the building and adjoining park. 

Existing tenants in the building include Bhagwan Marine, Honan Insurance Group, as well as federal and state government departments. 

Primewest national leasing manager Jemma Hutchinson said the building upgrades had attracted interest from a range of tenants, including Nedlands coffee roaster and cafe, Elixir Coffee, which will open its second outlet on the building’s ground floor. 

“251 St Georges Terrace is located on one of the city’s busiest and most high profile intersections and currently offers both naming and signage rights,” Ms Hutchinson said. 

“We still have over 3,000sqm of contiguous space and some smaller tenancies available and we expect a major tenant to take up a large portion of that space and seize upon the naming rights and great exposure of the building.”

Ms Hutchinson said the building refurbishment was prompted by the departure of previous anchor tenant RCR Tomlinson, which had given Primewest the opportunity to complete a full refresh of the asset. 

‘’Office enquiry has increased significantly over the past few months,” Ms Hutchinson said. 

“We have dropped almost 2% in vacancy across our office portfolio and are trending to continue that throughout 2021.” 

 

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