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PERTH, 12 November 2012 – Belmont’s first green office development, “Eastlink, 195 Great Eastern Highway” has been awarded a 5 Star Green Star rating (Office Design v2) from the Green Building Council of Australia (GBCA).
The rating means that the property meets the standard for “Australian Excellence” in areas such as management, indoor environment quality, energy, transport, water, materials, land use and ecology, emissions and innovation.
Ross Skelton, Manager, Office Leasing, WA said the rating was testament to the level of care and investment that has gone into the design and building process.
“It is exciting that tenants looking for accommodation in Belmont now have the opportunity to lease a building with such cutting edge sustainable design elements,” Mr Skelton said.
News of the 5 Star Green Star rating follows Abigroup Limited’s decision to extend its pre-commitment in the development to include both the ground and third floors.
Western Plant Hire also recognises the advantages of 195 Great Eastern Highway and is finalising lease pre commitment of 500sqm on Level 1 which will provide an excellent base for its head office. The CEO Ray Bushnell believes the 5 Star Green Star rating of this building is strongly aligned with Western Plant Hire’s environmental policy, which was a contributing factor in the relocation decision.
The development, which will feature extensive landscaping, excellent natural light and flexible floor plates, has approximately 1300sqm remaining being 316sqm on level 1 and approximately 1000sqm on the whole of level 2. The building’s practical completion is imminent and the remaining space has a number of interested parties making strong enquiries.
“Both joint agents have had an incredible response from a number of prospective tenants but expect the 5 Star Green Star rating will bolster enquiry levels even further,” said Mr Skelton.
Joint agent CBRE office services director Lachlan Lewis said “There is little to no availability of large floor plate options in brand new, non CBD buildings so tenants are looking to 195 Great Eastern Highway, Belmont as a solution.
“Dollar for dollar, Belmont is a far cheaper alternative to the principal office precincts of the CBD, West Perth and Subiaco. Put simply, if this high quality and efficient building was built in any of those other office locations, the gross rental would be circa $230 - $320m2 more expensive. The other key difference is the excellent onsite tenant parking and significant discount on car bay fee rates,” he said.
Jones Lang LaSalle Regional Director Mr David Evans said that the location of the $20 million development was a key factor in its appeal.
“Most people assume that the CBD is the best location for an office development but that’s not necessarily the case. The majority of employees live in suburban areas so it can make life a lot easier for staff if firms establish offices in suburban markets.”
In addition to its central location, the Eastlink site is setting a new benchmark in terms of design and sustainability for the Eastern corridor precinct.
The joint agents will conduct a “Home Open” for the building between 10am and 12pm on Thursday 25 October to enable the building and property industry to inspect Belmont’s first 5 Star Green Star rated building.
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