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Perth office space to be released from government hands

On Jun 27 2012
Tagged as:
  • Commercial Property


Sought after commercial real estate in the Perth CBD will be released to the public after the state ...

Sought after commercial real estate in the Perth CBD will be released to the public after the state government announced plans to relocate 80,000 sq m of office space out of the city.

With commercial office property in the West Australian capital the most expensive in the nation, the relocation of government offices to the suburbs of Stirling, Fremantle and Murdoch will free up significant space in the city.

Under the cost-saving plans revealed yesterday (June 27), 5,000 public servants will be moved out of 23 agencies in 17 buildings into government owned and long-term lease offices.

Finance minister Simon O'Brien said the move was the first stage of government accommodation reforms and would deliver an estimated $20 to $25 million in savings annually by 2015.

"It will stimulate a new wave of economic and social activity in these 'host' suburbs and, importantly, result in improved public access to government services," Mr O'Brien explained.

"Thanks to economic fit-outs, we have also avoided the need for a further 7,000 sq m of office space - worth more than $4 million in today's market," he added.



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