Specialist financial consultancy firm Smooth Retirement has new headquarters at 45 St Georges Terrace Perth leased marking full occupancy for the Redhill Partners-owned office building.

The 468sqm, level nine tenancy represented the final vacancy in the 10,000sqm, B-grade building.

Redhill Partners in conjunction with exclusive leasing agents CBRE and Sheffield have leased and renewed approximately 5,000sqm – representing 50% of the building’s net lettable area – in the past six months.

Since acquiring the asset in 2018, Redhill Partners has increased the building’s Weighted Average Lease Expiry (WALE) from approximately three years to five years and delivered one of the only fully leased B-grade office assets in the Perth market.

Smooth Retirement has relocated to 45 St Georges Terrace from a nearby building and was attracted to the surrounding amenity, including Old Treasury and Allendale food court.

The long-term lease was secured at a rental ranging between $450-$495/sqm.

Redhill Partners’ Investment Manager Daniel Johnston said this transaction represented a major milestone for 45 St Georges Terrace.

“A strategic and tenant-focused repositioning strategy has paid dividends for us, with occupancy now at 100% and a five-year WALE providing stable returns to our investors,” Mr Johnston explained.

“Smooth Retirement secured this opportunity after a lengthy negotiation and was attracted by the tenancy’s new fitout, which matched the firm’s needs.”

CBRE’s Mr Phelan added, “The leasing of 45 St Georges Terrace over the past 12 months has been a major success story and demonstrates what can be achieved when a strategic and well informed leasing strategy is implemented.”

To request a lease analysis please email the leasing agents via the below contact form. 

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