Ramelius Resources has inked a deal to move its headquarters to the Alluvion building in Perth from its former East Perth offices.
The move, which took place earlier this year, followed the gold miner’s $2.4 billion acquisition of Spartan Resources and came 22 years after the company was established.
Ramelius signed a five-year deal to occupy the entire thirteenth floor of Alluvion, at 58 Mounts Bay Road, in a deal brokered by Cushman & Wakefield.
The building is jointly owned by Cape Bouvard Investments and Dexus.
Cushman & Wakefield WA managing director Roly Egerton-Warburton, who brokered the deal, said the move reflected a broader trend of tenants upgrading to high-quality assets in core CBD locations.
“This is an outstanding result for Ramelius Resources, securing a core CBD fitted floor in a market where quality fitted stock of this type is extremely limited,” he said.
“It also reflects a trend for tenants to redecorate fit outs to suit their needs, rather than allocate significant capital to a brand new design.
“For the landlord, they now have commitment from an ASX listed Western Australian gold mining firm, with a $5.5 billion market cap.”
Ramelius is occupying 1,570 square metres at Alluvion.
The building sits adjacent to Elizabeth Quay, where Brookfield Properties has recently finished 29-storey office tower Nine The Esplanade.
Alluvion is also near the Perth Convention and Exhibition Centre, which is flagged for a major overhaul that promises to improve connectivity between the CBD and riverfront.
