You have 0 free articles left this month.
Register for a free account to access unlimited free content.
Powered by MOMENTUM MEDIA
lawyers weekly logo
Home of the REB Top 100 Agents
Advertisement

Landmark Perth sale highlights market potential

By Staff Reporter
26 November 2009 | 7 minute read

The largest Perth CBD office transaction in three years shows a renewed appetite for major commercial property investment in Western Australia, according to global property adviser Savills.

Charter Hall’s 50 per cent stake in the new Alluvion office tower was sold off-market to the Commonwealth Property Fund for $95 million.

It is the largest CBD office sale in Perth since Savills negotiated the sale of Allendale Square in December 2006.

he largest Perth CBD office transaction in three years shows a renewed appetite for major commercial property investment in Western Australia, according to global property adviser Savills.

Charter Hall’s 50 per cent stake in the new Alluvion office tower was sold off-market to the Commonwealth Property Fund for $95 million.

It is the largest CBD office sale in Perth since Savills negotiated the sale of Allendale Square in December 2006.

You need to be a member to post comments. Become a member for free today!
Do you have an industry update?