Keppel REIT’s office tower on the Old Treasury Building site in Perth has received its Certificate of Practical Completion in end-August 2015. The landmark development, which has an estimated total net lettable area of over 331,000 sf, comprises a 35-storey office tower and an annexe at 585 Hay Street.
Strategically located in the city’s central business district at the junction of Barrack Street and St Georges Terrace, the office tower is 100% pre-committed with a 25-year lease to the Government of Western Australia. The lease, which will commence in 4Q 2015, includes fixed annual rental escalations throughout its lease term and options for another 25 years.
The building has achieved the 5-Star Green Star v3 rating from the Green Building Council of Australia and is expecting to achieve the 4.5-Star energy rating from the National Australian Built Environmental Rating System.