ING Real Estate Development Australia and Lewis Land have started construction on their $81 million Wellington Central office development in West Perth, without securing an anchor tenant.
The eight-level office building comprising about 12,000 square metres of floor space, will be built by DORIC, and positioned between two other ING projects- Harbour Town and the RAC headquarters on Wellington Street.
ING Real Estate chief executive Greg Boyd said the Perth office market was one of the strongest in the country and the company was extremely confident the building will be fully leased well in advance of completion.
The development at 836 Wellington Street on the old Metro Markets site is one of the largest office projects to be undertaken outside of St Georges Terrace.
"This development has already attracted significant interest from potential tenants so we are very comfortable to proceed without a pre-commitment in place. There has been interest from a range of companies and other entities looking for space of anywhere between 4,500sq m and the entire building," Mr Boyd said in a statement.
The project will provide average floor plates of 2,245sq m on five levels, two smaller tenancies on the ground floor and 138 car bays.
Knight Frank and Jones Lang LaSalle have been appointed leasing agents for the project, which is expected to be completed by early 2009
