Perth office fetches $75m from Indonesian investment manager
RF Corval has sold a Perth CBD office after nearly six years.
Worth $75 million, the fund manager and developer led by Multiplex heir Andrew Roberts is reporting a modest capital gain from the 66 St Georges Terrace deal.
It paid $71.82m in February, 2019.
That seller, Oxford Properties, via the Investa Office Fund it had just taken over, outlaid $82m seven years earlier.
In 2016, the foyer was refurbished, lifts upgraded and end of trip facilities added.
66 St Georges Terrace
Indonesian-backed Perth-based investment manager Oceania Property Group is buying 66 St Georges Tce.
Developed in 1990, with 11,253 square metres over 11 floors – including two ground floor retail tenancies – the building was marketed as being nearly fully occupied (story continues below).
The weighted average lease expiry is 3.3 years.
There are also 66 car parks
Cygnet West’s Wayne Lawrence and Tory Packer were the agents.
It is the biggest Perth CBD office deal since 2022, when Centuria and MA Financial paid $223m for Allendale Square at 77 St Georges Tce.
Last September, Properties & Pathways outlaid $33m for 503 Murray Street.
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