Colliers Lease 1,362 sqm to a Top 20 ASX Listed Company, Achieving Full Occupancy at 302 Selby Street Osborne Park

302 Selby Street in Osborne Park outperforms its competitors

Colliers, on behalf of our valued client, is pleased to announce the successful leasing of 1,362 square meters at 302 Selby Street.

A Top 20 ASX Listed Company, has secured the entire Level 3 in a deal negotiated by Colliers National Director Office Leasing, Jemma Hutchinson and Executive Office Leasing, Tess Scholten.

302 Selby Street, a speculative-built office building completed in 2019, has consistently outperformed its competitors. Notably, this marks the second time during its leasing cycle that 302 Selby has achieved full occupancy, demonstrating its resilience and attractiveness to tenants.

Jemma Hutchinson, National Director of Office Leasing, commented “302 Selby Street’s, which has outperformed its competitors. Its success is a testament to its quality and strategic location. We are thrilled to have achieved 100% occupancy not only at 302 Selby but also at 1 Walters Drive, Osborne Park.

‘This is not the first time in it’s leasing cycle that 302 Selby has been 100% leased with minimal downtime and now achieving higher rents of $395/sqm’’ Ms Hutchinson added.

Collaborating closely with proactive landlords and their representatives has been strategically pivotal to this successful leasing campaign, resulting in the private client’s office portfolio now being fully leased.

Prior to developing 302 Selby Street, our valued client developed 1 Walters Drive, an office building completed in 2018. This speculative-built property comprises of 5,718.3sqm, has consistently maintained full occupancy for over 18 months with a diversified portfolio of good covenant tenants. Notable tenants include Water Corporation and JB Hi Fi.

Ms Scholten said the achievement at 302 Selby Street and 1 Walters Drive exemplifies the transformation of the suburban office market through well-considered developments. The ongoing trend of “flight to quality” underscores the demand for high-quality, well-located office space within the suburban market.

Joel Lithgo, Landlord’s representative, expressed enthusiasm “The development of 1 Walters and 302 Selby Street has created a sought-after commercial precinct. We warmly welcome our new corporate tenants’ expansion, positioning them at the heart of this thriving area. The assets’ performance has exceeded client expectations, representing impressive asset performance.

302 Selby Street representing the building’s best-in-class approach to tenant wellbeing has also achieved a 5 Star NABERS Energy rating.