Shell Australia expands floor space in Perth’s KS2

Shell Australia expands floor space in Perth’s KS2
Shell Australia expands floor space in Perth’s KS2

Shell Australia have extended their lease by another 5,487 square metres at KS2, Kings Square, Perth, bringing their total leasing arrangement to 19,300 square metres of space, according to Leighton Properties and DEXUS Property Group. This covers the entire building.

The second office tower in masterplanned Kings Square Precinct, KS2 now has Shell across 11 floors of the building. The precinct is under construction in the $5.2 billion Perth City Link development, and is said to be one of the most significant commercial and retail projects nationally.

Leighton Properties national head of commercial Andrew Borger said that there is increasing confidence within the resources sector.

“We now have 100 per cent of the commercial space leased at KS2 - and with this we will see an increased occupancy at Kings Square and enormous flow on benefits for the precinct, particularly for its retail,” said Borger.

Shell Australia general manager – production Michael Schoch said that this move to Kings Square to occupy the entire KS2 building provides the flexibility required for growth and staff facilities.

“With our staff numbers doubling to 1,000 in support of Prelude FLNG, this investment in our new corporate headquarters reflects our commitment to Western Australia and Australia,” Schoch said.

Towers KS1, KS2 and KS3 are jointly owned, 50/50, by DEXUS Property Group and DEXUS Wholesale Property Fund. In total, the towers cover 52,033 square metres of office and retail.

DEXUS executive general manager, office and industrial Kevin George said that the total commitment across all three towers is now 55%.

“This is further evidence that quality, affordable stock is in demand in the Perth CBD and we expect to see continued interest from other potential high calibre tenants in the Kings Square precinct,” said George.

The precinct will include a childcare centre, 24 hour gym, retail and restaurants.

The first four towers are currently being built, gearing up for a mid-2015 completion date.

Jennifer Duke

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

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