The opportunity to occupy premium office space at one of Perth’s most iconic business locations, QV1, has led to more than 7,500sqm of recent leasing activity across the 43-storey tower.
In the largest transaction, construction engineering firm Clough Group has relocated its Perth headquarters from the Alluvion building, taking almost 5,000sqm across three levels of QV1.
Also joining the tenant line-up is resource development consultant Wave International, which signed a deal to occupy 1,600sqm on level three of the 250 St Georges Terrace building.
In the third transaction, Sonic Health Plus has relocated its CBD premises to the 28th level of QV1, after leasing a 1,150sqm space.
The transactions, negotiated by CBRE and Savills, follow a recent move from DXC Technology to a new 400sqm office on level 33 of the building earlier in the year (previously located on level three).
Clough Group CEO and Managing Director, Peter Bennett said QV1’s premium amenity was key to its decision to relocate.
“Not only is the space of extremely high quality, but QV1’s reputation for leading the way with state-of-the-art amenities and services, and a commitment to its tenants’ wellbeing, is a big drawcard for Clough’s workforce," he said.
Co-owned by AXA IM Alts, acting on behalf of clients, and Investa Commercial Property Fund (ICPF), QV1 has recently undergone significant upgrades to ensure it remains one of Perth’s most prestigious business precincts.
The high-tech ‘smart’ building boasts modernised lifts with Bluetooth technology, quality end of trip facilities and industry-leading sustainability features, including Perth’s only electric vehicle care share service.
AXA IM Alts’ Chris Willey recognised the importance of ESG for occupiers.
“The QV1 co-ownership is proud to deliver market-leading certified environmental ratings, whether this be for indoor environment quality or energy ratings," he said.
"Against a backdrop of significant climate change and at a time when decarbonisation is essential, QV1 has done the heavy lifting to align with the most stringent customer environmental targets. And all without the need to knock down and rebuild from scratch.
"This approach is part of our broader ESG strategy: we recognise that employee well-being will be at the forefront of the future workplace and assets that align with the social and moral values of employees will create a positive point of difference.”
Designed by renowned architect Harry Seidler, QV1 recently revealed a multimillion-dollar lobby refurbishment, which has created an activated communal space through a series of areas that enable true connectivity.
Designed by Plus Architecture, the lobby consists of lush greenery, a variety of meeting places of different sizes and specialised banquet seating that blends seamlessly, directing the flow of people to create both public and private spaces.
The upgraded lobby also features the newest hospitality venue from Mary Street Bakery Founder, Paul Aron - snr.coffee.
The cafe caters to the precinct’s business crowd with premium coffee and unique range of savoury and sweet baked goods.
snr.coffee is Mr Aron’s third venue at QV1 – joining Mary Street Bakery and CBD restaurant favourite, Tiny’s, alongside other eateries at the precinct including Nippon, Mak Mak VeryThai, Zensaki Japanese Canteen, Yallah, Eathouse and Nine Grams Cafe.
“We really like the synergy we have at QV1 and felt there was room for a more upmarket offering. The building has great energy. snr.coffee now adds the amenity for customers to dine in as well as take away. The QV1 lobby is a relaxed, comfortable space, with versatile areas that allow privacy for business catchups,” Mr Aron said.
QV1, which was recently announced by the State Government as the Platinum Waterwise Building of the Year, is committed to sustainability excellence – as demonstrated by clean technology initiatives such as an electric vehicle share service.
Partnering with global electric vehicle manufacturer Mini Australia and local startups Mojo Car Share and Gemtek, the service offers tenants an electric share car for convenient trips in and around the city.
ICPF Fund Manager Brendan Looby said Perth’s premium grade office market was the preferred choice for tenants and institutional investors with vacancy rates currently hovering at 6.7%.
“Within this sub-market, QV1 stands apart as a building of choice due to its enduring quality and superior amenity," he said.
"The foresight of the architectural design for the occupant, combined with the owner’s commitment to capital upgrades ensures QV1 continues to be one of the finest office assets in Perth."
