Approved Port Coogee SDA project offered for sale
A boutique coastal development site within Port Coogee’s marina precinct has been listed for sale.
Case Studies
Capital Square Tower 1, Perth, Western Australia
CAPITAL SQUARE TOWER 1
Capital Square Tower 1 is located at the Western end of the Perth Central Business District.
The Office Tower and podium, the subject of this transaction, were constructed in 2018 on Lot 2001 and Lot 2003 with respective site areas of 3,181m2* and 10,237m2*. Total NLA of the combined office and podium equates to 60,635m2*.
The Office Tower is a Premium Grade (PCA) office over 26 levels fully occupied by Woodside Energy Limited. The supporting podium features four (4) further levels of office facing Mounts Bay Road, a free-standing bug interconnected building comprising 402m2* of office, a 400-seat auditorium, wellness facility, outdoor function area and end of trip facilities and a public plaza with approximately 1,330m2* of retail space plus alfresco area. Additional services include a childcare facility and public hotel gymnasium.
| Sale Analysis | |
| Sale Price: | $482,500,000 |
| Sale Date: | July 2021 |
| Site Area: | 30,635sqm* |
| Rate /sqm: | $16,240/sqm |
| Vendor: | Private Syndicate |
| Purchaser: | Dexus |
*Approximately
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