Office tower’s CBD location and renovation to attract new tenants.
A St Georges Terrace building with a strong occupancy track record has entered the office leasing market armed with a comprehensive renovation to attract new tenants.
The office tower at 190 St Georges Terrace will be close to fully leased for the remainder of 2017 but downsizing and departing tenants early in 2018 will provide the 11-storey office tower with openings for new tenants.
The owner, a real estate fund of Credit Suisse Asset Management, purchased the building in 2015 and is offering office deals from $500/sqm plus market incentives.
Colliers International and CBRE have been appointed to steer the leasing campaign.
Colliers International’s Dustin May and Daniel Taylor said the building, which has a net lettable area of 9362sqm, was preparing early for its first significant vacancy in a number of years.
“This is a great opportunity to secure an office, with tenancies starting from 40sqm to whole floors of 890sqm in a St Georges Terrace building with a stately blend of traditional and modern office features,” Mr May said
CBRE’s Lachlan Lewis said recently completed upgrades at One90 had injected a new lease of life into the A-grade building, which occupies a prime location on St George’s Terrace.
“New chillers have been installed and an extensive upgrade has modernised the building’s end of trip facilities. Furthermore, the lobby remodelling and upgrade has created an impressive welcome statement for the building,” Mr Lewis said.
Mr Taylor said another drawcard for One90 was the neighbouring Cloisters Building which has a busy food court, a post office and a good selection of convenience retailers servicing the western end of the CBD.
“The Green CAT route also has a bus stop at the front of 190 St George’s Terrace,” Mr Taylor said.
One90 has on-site parking for 37 cars and a drop off area at the rear of the building which can be accessed from Hay Street.