Durack Centre, 263 Adelaide Terrace, Perth
Key Property Information
The Durack Centre is located on the corner of Adelaide Terrace and Victoria Avenue in the CBD eastern precinct.
The property comprises a 13 storey building with large 1,300m² floor plates, two basement levels and on-grade parking for 100 cars. The building enjoys extensive views across the Swan River and also includes EB Johnson House, a restored 1890s brick mansion.
Development has commenced on the Durack2 office building that is adjacent to the existing complex. The 7,200m² four storey complex will introduce an innovative design to the Perth CBD and aims to achieve a 5 star ABGR.
Key Information
| Location: | Perth CBD, WA |
| Acquisition Date: | October 2006 |
| Ownership/Title: | 100%/Leasehold |
| Independent Valuation: | June 2008 |
| Valuation ($/m2): | $111.5 million ($6,4441/m²) |
| Capitalisation Rate: | 7.75% |
| Discount Rate: | 9.50% |
| Net Lettable Area: | 17,312m² |
| Car Parking Spaces: | 100 |
