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Durack Centre

Durack Centre is well located close to CBD and recreational parks. It comprises a 13 storey building and parking for 140 cars. The complex includes a second building at 2 Victoria Avenue, now known as Optus Centre since welcoming Optus to the building in October 2017. This building holds a 5-Star Green Star As Built rating and has recently completed state of the art end of trip facilities. Both buildings enjoy large floor plates and extensive views across the Swan River.

Location: Perth CBD, WA
Acquisition date: Oct 2006
Ownership/Title: 100%/Leasehold
Cost including additions: $113.50 million
Last Independent Valuation
Date: Jun 2017
Valuation: $106.40 million
Valuation $/m2: $4,225/m²
Capitalisation rate: 8.00%
Discount rate: 7.50%
Car parking spaces: 140
New lettable area (m2): 25,182 m²
Weighted average lease expiry: 5.8 years
NABERS energy rating: 4.5/Exempt*
NABERS water rating: N/A/N/A*
Green Star rating: 5 Star As Built (2 Victoria Avenue)**
Major Tenants NLA m2
Jacobs Group 7,034
Australian Bureau of Statistics 3,044
Minister for Works Main Roads 2,005
Optus Administration 1,908
Linkforce Hire 1,757
Footnotes
  • * 263 Adelaide Terrace and 2 Victoria Ave respectively
  • ** Green Star Office Design V.2 (2 Victoria Avenue only) - www.gbca.org.au