OwnerGDI Property Trust, part of the listed GDI Property Group
Independent valuation date31 December 2018
Independent valuation$251 million
Rate/sqm of NLA$9,574
Capitalisation rate6.75%
Discount rate7.00%
Total NLA (sqm)26,216
Typical floor plate855
Car parking181
Occupancy (by NLA)86%
WALE (by NLA)2.6 years
NABERS Energy rating5.0 stars

Property Overview

The 28 storey 197 St Georges Terrace is instantly recognisable is one of Perth’s best located buildings, situated at the very heart of Perth commerce. An imposing office building, the property offers outstanding views over the Swan River and the city surrounds.

197 St Georges Terrace is the largest of three assets in the Mill Green Complex.

The 5.0 Star NABERS rated tower comprises 28 upper levels of office accommodation, providing more than 26,500 sqm of office and retail space, with basement car parking for 93 cars,  new end of trip facilities, both plaza and ground level retail accommodation and a large foyer. The building has a very efficient floor plate with a central core and natural light from all four sides.

197 St Georges Terrace has a concrete and glass façade similar to many premium and A grade buildings through the major CBDs of Australia.

A major refurbishment of the building was completed in 2013.

Major Tenants