OwnerGDI Property Trust, part of the listed GDI Property Group
Independent Valuation Date30 June 2018
Independent Valuation$255 million
Rate/sqm of NLA$7,823
Capitalisation Rate7.00%
Discount Rate8.25%
NLA Total (SQM)32,598
Typical Floor Plate1,882
Car Parking537
Occupancy (by NLA)94%
WALE (by NLA)1.6 years
Nabers Energy Rating5.0 stars

Property Overview

Westralia Square is an A grade property located in a core Perth CBD location on St Georges Terrace, adjacent to Brookfield Place. The property comprises approximately 32,635sqm of net lettable area over 18 levels of office space with an average floor plate of 1,800sqm, above a multilevel car park providing a total of 537 car bays on a mix of tenant and public parking levels.
It was constructed in 1991 and the property currently has a 5.0 star NABERS energy rating. Westralia Square is currently approximately 94% occupied (by NLA) with a weighted average lease expiry (WALE) of 2.1 years (by total NLA). The property is predominantly occupied by State Government departments with lease expiries in the first half of 2020.

Major Tenants

Lease Expiry Profile

To visit the Westralia Square website, please click on the link: Westralia Square Home