Commercial office specialist Sheffield Property has concluded the largest office lease deal in Perth for 2020 with the WA State Government leasing 7,800 sqm for a 10-year term at 1 Nash Street.
1 Nash Street is an A Grade office building owned by Sydney based specialist Fund Manager RF Corval.
500 staff from the Department of Primary Industry and Regional Development (DPIRD) will occupy the building following a partial relocation from their existing facilities in South Perth.
This transaction continues the trend of large occupiers seeking high quality, city fringe office buildings with floor plates in excess of 1,700 sqm with a side lift core and high sustainability ratings.
A number of institutional quality office buildings have been developed in the emerging ‘Stirling Street’ precinct over the past decade and are now keenly sought after by tenants as the location transitions to an established office precinct.
Please refer to the attached government press release for information on the DPIRD relocation. https://bit.ly/3gCtLnw
For further information please contact Digby Sutherland Joint Managing Director.