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Brookfield signs new Brookfield Place tenants and boosts Perth CBD office leasing sector

People & Companies / Latest News

Australia

Mar 14 2017

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PERTH, 15 March 2017 – Brookfield Property Partners L. P. (“Brookfield”) (NYSE: BPY; TSX: BPY.UN), has finalised three significant new lease agreements at Brookfield Place Tower 2 in Perth’s CBD, bringing occupancy to 91 per cent.

The new tenants include leading banking institution Westpac committing to 6,300 square metres on levels 2, 3 and 4 for a 10 year term, Australian legal practise firm Gilbert + Tobin taking up 1,400 square metres on part level 16 for a 12 year term and Holman Fenwick Willan, an international law firm, will occupy 1,200 square metres on part level 15 of the tower for a 10 year term.

The new leases all commence by the end of 2017.

A further 1,000 square metres is also currently under offer which once executed will increase occupancy to 94%.

Head of Asset Management - Australia, Brookfield Property Partners, Danny Poljak, said: “We are delighted to welcome these new customers to Brookfield Place. It has been a positive reinforcement of the demand for premium space in a challenging leasing environment and it is an encouraging sign for the Perth CBD office market.”

Brookfield Place Tower 2 is a premium-grade 16-level office tower with 34,000 sqm (366,000 square feet) of net lettable area. It was officially opened in November 2015. Westpac, Gilbert + Tobin and Holman Fenwick Willan join other blue chip tenants at the property including Deloitte, Wesfarmers and Corrs Chambers Westgarth.

Brookfield Place Perth has established itself as the pre-eminent commercial precinct in Australia since Tower 1 opened in September 2012 with premium office space, sophisticated restaurants, retail space as well as arts and cultural events for the public.

SOURCE: Press Release

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