Leading commercial agents Andrew Woodley-Page and Brett Wilkins of RWC WA have been appointed to market for sale the freehold interest in 256 St Georges Terrace, Perth, with price expectations understood to be in the $200 million range.
Prominently positioned at the “top of the Terrace” in Perth’s tightly held West End precinct, the A Grade office asset occupies a commanding 5,840sqm site with dual frontages to St Georges Terrace and Hay Street.
The property comprises two integrated office towers – a seven-level West Tower and nine-level East Tower – connected by a common foyer with dual atriums, expansive 3,000sqm combined floorplates, and 280 car bays.
The 23,049.8sqm building is 100 per cent leased to Fortescue (ASX: FMG), one of Australia’s largest listed companies by market capitalisation, with a WALE of 5.5 years (approximately) by income.
Andrew Woodley-Page said the campaign represents one of the most significant CBD offerings to come to market in recent years.
“256 St Georges Terrace is one of Perth’s most prominent and institutionally appealing office towers. With full occupancy to a globally recognised mining major and significant recent capital investment into plant, equipment and tenant amenities, this is a rare opportunity to secure a true blue-chip asset in the prime western CBD precinct.”
As part of its occupation, Fortescue has undertaken substantial upgrades to building services and delivered high-specification fitouts, including a wellness centre, childcare facilities and premium staff amenities, reinforcing the asset’s long-term appeal.
Brett Wilkins said the strength of covenant and location would resonate strongly with domestic and offshore capital.
“Perth’s office market fundamentals continue to strengthen, underpinned by constrained future supply, improving vacancy rates and solid net absorption, particularly across A Grade stock. Assets of this scale, quality and tenant profile are tightly held, and we expect significant interest through the International Expression of Interest process.”
Located among major corporate neighbours including Woodside Energy, KPMG and BDO, the property benefits from its position within Perth CBD’s premier commercial and mining hub.
The asset also boasts strong sustainability credentials, with a 5.0-star NABERS Energy rating (without Green Power) and 4.5-star NABERS Water rating.
The property is being offered for sale via International Expression of Interest closing Wednesday 29 April 2026.
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