This article is from the Australian Property Journal archive
COMMONWEALTH Property Office Fund has settled on the purchase of a 50% interest in a new Perth office building.
CPA paid $95.0 million acquisition for 50% interest in 58 Mounts Bay Road, Perth in November last year.
It was recently completed and comprises a 22,406 sqm of A-grade office space.
The forecast initial acquisition yield is 7.74%.The property is 100% pre-committed and the tenants include Clough, North West Shelf Shipping Service Company Pty Ltd, Euroz Securities Limited, Cape Bouvard Developments and Sumitomo.
The building has been designed to achieve a 4 star Green Star and 4.5 star NABERS Energy rating.
Australian Property Journal
