45 St Georges Terrace for sale by John Williams and Nigel Freshwater of JLL is a 12 level Perth CBD office tower and comprises over 10,000sqm of office accommodation situated in the core of the CBD.

JLL have been exclusively appointed to offer for sale the freehold interest to be publicly marketed by John Williams and Nigel Freshwater through an expressions of interest campaign.

The asset includes 9 levels of office accommodation, impressive ground floor entrance and 2 levels of basement providing 31 car bays plus secure vault storage. 45 St Georges Terrace is currently 100% occupied including major tenants such as Citic Pacific, the Commonwealth Government, Amcom and SpaceCubed Coworking.

John Williams, JLL’s WA Managing Director said “The building will be attractive to investors as it provides security of income being 100% leased and is in a prime CBD location within a market forecast to outperform. The building has also recently proven to be highly successful in the Perth market. Since 2018 three new tenants have committed to new leases in the building and the anchor tenant has renewed its lease. The investor market is looking for security of income and this success proves the assets position in what was a challenging leasing environment.”

Nigel Freshwater, JLL’s Head of Capital Markets in WA said, “The building comes to the market at a point in time where there is strong demand from investors. It now benefits from a 4.45 year WALE and with fixed annual rent reviews delivers assured income growth, fundamental criteria sought after by active investors.”

“The Perth value proposition is now very compelling for countercyclical investors with the Perth Sydney prime equivalent yield spread currently sitting above 150 basis points. Perth office assets are currently highly sought after by investors confident that the Perth CBD market is improving rapidly, driven by strong economic fundamentals in the Western Australian economy, he added.”

45 St Georges Terrace occupies a core CBD location close to the junction of St Georges Terrace and Sherwood Court. The Elizabeth Quay project is within easy walking distance as is major transport infrastructure including rail, bus and ferry and the Hay and Murray Street Mall retail precincts.

45 St Georges Terrace will be offered for sale by expressions of interest closing Thursday 5th August 2021. 

To request a copy of the Information Memorandum please contact one of the JLL marketing agents John Williams or Nigel Freshwater via the contact form below.