Landmark Perth sale highlights market potential

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.

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.

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