Commercial Perth leases finish the year strong

Rental is confidential but gross market rents in the area are about $625 a square metre plus an incentive.

CBRE’s Lachlan Lewis negotiated the transaction.

Brookfield 2 blooms

Brookfield Office Properties has welcomed PR agency, Cannings Strategic Communications, as a new tenant at Brookfield Place Tower 2 following a long-term sub-lease on a 368 square metre office on level one at a net annual rent of $525 a square metre.

Cannings relocated its headquarters to the premium grade 123 St Georges Terrace from West Perth.

CBRE’s Andrew Denny brokered the deal.

West Perth wins too

ASX-listed mining company Nusantara Resources has secured a new 270 square metre office on the ground floor of 20 Kings Park Road in West Perth on a three-year lease.

The net asking rent was $295 a square metre, CBRE’s Rick McKenzie said.

Not snoozing

Bedding company Snooze has opened another store at a subleased 1065 square metre showroom property at Tenancy 2, 27 Kent Way in the Perth suburb of Malaga.

Landlord Harvey Norma agreed to a five-year lease through Vend Property’s Jeff Klopper.

New digs

Real estate developer Robina Land Corp has leased a 565 square metre office at Sentinel Property Group’s A-grade office 16-level building The Rocket at Robina on the Gold Coast for two years.

Robina will pay a gross annual rent of $515 a square metre for the property at 203 Robina Town Centre Drive.

Alexandria aces

Cushman & Wakefield’s Jasmine Bilbosian has closed two three-year office deals with options in Sydney’s Alexandria.

Folli Follie Australia has agreed terms on a 76 square metre luxury office with private terrace at 90-96 Bourke Street with a private landlord, on a gross annual rent of $565 a square metre.

Johnson Tiles Australia has leased a 213sq m high exposure showroom/office at 51 Bourke Road from a private landlord, and will pay a gross annual rent of $587 a square metre.

Safe as warehouses

Owner occupier Safeman Australia has struck a two-year lease with options on a warehouse at 25A Davis Road, Wetherill Park to accommodate an expansion.

LJ Hooker’s Ayment Sobbit and Niemeyers’ Frank Bartorilla negotiated the off-market deal for a private landlord on a gross annual rent of $136.55 a square metre.

Gastronomical

Chef Charlie Carrington, will open a new restaurant in Prahran at a newly leased 80 square metre retail space at 202 Commercial Road.

He will pay a net annual rent of $625 a square metre for five years with options.

Teska Carson’s Jack Kelliher brokered the deal for a private investor.

This is the last leasing column for 2017. The column will start again in the last wee