Bonnie Bullock, Saranac PR
19 May 2010 – ABN Alcock Brown Neaves Group Media Release
The Western Australian State Government today signed a 15-year lease for over 13,000sqm of new office accommodation in the 4 Star Green Star rated Optima Centre Building B, located at 16 Parkland Road within Herdsman Business Park.
The agreement is the largest leasing deal for a new suburban office development in almost two decades.
The seven-storey building, which is due for practical completion next month, is the largest new office development outside the Perth CBD in the past 20 years.
The Optima Centre was developed by the ABN Group and Macquarie Real Estate Capital and is set to be handed over to the State Government mid-year.
It will accommodate the Government Procurement and Building Management and Works business units from the Department of Treasury and Finance and the head office of the Department of Training and Workforce Development.
Jason Willoughby, General Manager of Developments at the ABN Group, says the State Government’s decision to lease accommodation at the Optima Centre and the recent relocation from the city of many national firms to new suburban buildings is in keeping with the national trend over the past 10 years.
“The city is suitable for many businesses, however, the successful leasing of the last wave of new suburban buildings reinforces the desire of many large tenants to occupy a CBD-quality building in the suburbs with good access to public transport,” said Mr Willoughby.
“The new generation Optima Centre – with its ideal location outside the CBD and high environmental credentials – has enabled the State Government to lock in long-term occupancy savings,” said Mr Willoughby.
“The Government lease will also be a great catalyst for similar projects to get underway within the Herdsman Business Park and fits within our Committee’s vision for the area’s future,” said Mr Willoughby, who is also a member of the Herdsman Business Park Committee which recently released plans to improve the precinct.
“After all, Herdsman Business Park is the only real business park in Western Australia,” concluded Mr Willoughby.
Tim Jones from Macquarie Real Estate Capital says the main objective for the Optima Centre was to construct office space to the highest standards as well as deliver an environmentally-focused design.
“The announcement of the State Government committing to a lease of significant length confirms our original vision for the development.
“The entire Optima Complex has been designed to tick all the green boxes required by large corporates and State Government departments, including reducing expenses and providing a cost-effective, long-term solution for a large area of office accommodation,” said Mr Jones.
“We’re confident the Optima Centre sets a new benchmark in Western Australia for future office developments specifically in the area of sustainability,” he continued.
“It will no doubt become a flagship green building for Western Australia as it successfully combines quality leading-edge office accommodation with both energy efficiency and sustainable design elements.
“I understand the Green Building Council’s certified rating of 4 Star Green Star coupled with the easy access to public transport were both major factors in the State Government’s decision to commit to Building B of the Optima Centre,” concluded Mr Jones.
Built by PACT Construction, the Optima Centre – located on the corner of Parkland and Hasler Roads in Herdsman Business Park – combines two separate buildings. Building A is completed and is home to Canon Australia and the ABN Group. Optima will eventually be home to over 1,300 employees.
Through an initiative established by the developers, Optima is serviced by a door-to-door Transperth high-frequency bus service through Herdsman Business Park from Glendalough train station, which operates every 10 minutes in peak hour.
The developer was represented in the lease negotiation by Digby Sutherland, Director of Project Leasing at Sheffield Capital. Mr Sutherland said the prestigious new office complex was poised to become a signature development in the Herdsman Business Park and would provide a benchmark for future suburban office development in Perth.
“The Optima Centre design was developed after taking into consideration the successful building features identified in new A grade suburban office developments around Australia,” said Mr Sutherland.
“We also met with many national tenants and Perth’s larger businesses to make sure we were constructing a building that incorporated features that were important to their business. These included efficient 2,500sqm floor plates, backup generators, fully secured bike storage facilities and high-quality change room facilities.
“It is great to see the foresight of the developers has proven to be such a success and has also provided the state with quality offices with long-term occupancy savings,” concluded Mr Sutherland.