_Stellar leasing run for Perth’s Exchange Tower

The Exchange Tower in Perth’s CBD has been on a stellar leasing run of late, leasing two whole floors in the past few weeks. In the midst of tough market conditions, the Exchange Tower is going from strength to strength, continuing to draw in new and re-sign existing high calibre tenants. 

One of the building’s existing tenants, The Australian Government Solicitor (AGS), has relocated from Level 19 to Level 21, taking the entire 1,043 sqm floor. AGS is a group within the Attorney-General’s Department and it is one of Australia’s largest national legal services providers with offices in every capital city.  

Another existing tenant, Allen & Overy, has taken over level 12, consolidating its previous tenancies over multiple levels, and now leasing around 50% more space.

These two recent deals follow a highly successful year for the Exchange Tower, which over the past 12 months has signed leases for account firm RSM, International engineering group ARUP, and multinational company Fujitsu. 

What’s their secret to securing so many new deals in a tough leasing market? Put simply, the commitment of co-owners AMP Capital and Primewest to continually upgrade the amenity of the building has paid off in spades. The owners are incredibly flexible and do everything they can to meet their tenants’ needs.  

Following these recent deals, the weighted average lease expiry in the building has now more than doubled, which is an excellent result. 

Exchange Tower is a 40-storey, premium grade office tower located just off St Georges Terrace in the heart of Perth, in close proximity to Elizabeth Quay and the city’s major shopping malls. With a number of potential tenants we expect the building to be fully leased by the end of next year. 

Should any prospective tenants be interested in the Exchange Tower while there’s still availability, feel free to get in touch.