West Perth office sales hit $87 million year to March: Savills

West Perth office sales hit $87 million year to March: Savills
Michael CrawfordMay 2, 2016

Office sales greater than $1 million in the West Perth market totalled $87 million for the 12 months to March 2016 according to Savills, up from the $54 million total for the year to March 2015.

This is up from the total of $54 million for the year to March 2014 and up on the five year average of $59 million. 

According to the West Perth office market briefing the highest value sale in the last 12 months was the sale of 53 Ord Street to Singaporean REIT, Mapletree Investments, for $59 million in August 2015.

 

Click to enlarge

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

Editor's Picks

Far East Consortium launches new Melbourne CBD apartment tower, 640 Bourke Street
PERIFA takes over Balmain Leagues Club site for Rozelle Village development
Mirvac to transform old motel into apartments in Brunswick as Prince & Parade construction kicks off
"One of Australia's premier beach destinations": Inside Chapter Two's Holm Rainbow Bay apartments
Where to buy in Palm Beach in 2025