Qube Property

One70

170 Railway Parade, West Leederville

One70 is a 5-Level A-Grade office building totalling over 6,500sqm of NLA. Two below ground levels of car park provide tenant parking for up to 160 vehicles.

Quick Facts

  • Property Type: Office
  • Anchor Tenants: JLT/LGIS and WALGA
  • Hold Period: 2011 to present
  • Constructed Commenced: 2012
  • Practical Completion: 2014
  • Sustainability: 5.5 Star NABERS
  • Average Investor Subscription: $200,000
  • Minimum Subscription: $50,000

The original purchase and development of the 4,000sqm Railway Parade site was undertaken as a 60/40 Joint Venture between WALGA and QUBE investors.

Located within the affluent suburb of West Leederville, only 2 kilometres west of the CBD core and 500 metres east of West Leederville station on the Fremantle train line, One70 was designed with extensive end of trip facilities, an attractive ground floor piazza, and large and efficient 1,500sqm floor plates.

One70 was a finalist in the Property Council of Australia 2016 Industry Excellence Awards for Best Office Development and Best Sustainable Development. Its green credentials include roof-mounted solar panels to reduce peak energy load consumption and increased air exchange effectiveness to increase fresh air availability.

The property was developed by QUBE to deliver long-term capital and income returns to the joint venture partners and QUBE investors.

QUBE investors hold an interest in One70 as shareholders of a single-asset QUBE company with distributions paid as franked dividends to shareholders quarterly.

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