This article is from the Australian Property Journal archive
BLACKROCK is looking to capitalise on the repositioned Optima Centre in Perth’s Osborne Park, which is tipped to fetch up to $130 million.
BlackRock inherited the Optima Centre after it bought out private equity real estate advisory firm MGPA, which acquired the property in 2013 from joint venture partners Alcock Brown Neaves Group and Macquarie Group for $105.67 million.
The A-grade office campus comprises two buildings with 16,116 sqm of space with parking for 500 vehicles set on a 9,459 sqm site. It is fully occupied with 83% leased to the Western Australian government, producing an annual net income of just over $9 million.
The government has occupied the building since 2009/2010 and recently renewed its lease until mid-2032. Other tenants include Cannon Australia and ABN Group, with a weighted average lease expiry of 11.8 years.
The sale is being handled by Colliers International’s Ian Mickle and JLL’s John Williams, with the expressions of interest closing on April 12.
Australian Property Journal
