21 November 2018

Dexus secures further leasing at Kings Square, Perth 

Improving conditions in the Perth Prime office market continues to flow through to leasing activity, as Dexus secures three new customers across approximately 14,000 square metres at Kings Square in Perth.

Recent leasing activity at 556 Wellington Street at Kings Square includes securing:

  • Commonwealth Government across 8,495 square metres
  • International engineering firm, BG&E across 2,448 square metres
  • P&N Bank, which will occupy 3,248 square metres

Leasing has been secured across 89.7% of the three office buildings at Kings Square  with just four floors remaining available at 556 Wellington Street.

Dexus Portfolio Manager, Tim McGuane said: “We are pleased to welcome our new customers to Kings Square who will move in progressively over the next six months. With Perth undergoing a mining employment recovery, we are seeing more optimism from the broader business community wanting to invest in their workplace to attract and retain talent.”

Digby Sutherland, Joint Managing Director of Sheffield Property negotiated the leases and commented: “These deals continue the trend of companies relocating from fringe CBD and suburban locations to Kings Square and setting themselves for better times ahead by relocating to Prime buildings.”

Kings Square is part of the Perth City Link precinct that reconnects the CBD to Northbridge following the King Street extension which was completed in early 2018. 556 Wellington Street is a next-generation office building designed to accommodate a modern, flexible workplace with superior amenity including end-of-trip facilities, access to a gym and childcare centre, public open space, retail offerings and convenient transport connections.