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Durack Centre, 263 Adelaide Terrace and 2 Victoria Ave, Perth

The Durack Centre is well located close to CBD and recreational parks. It comprises a 13-storey building and parking for 158 cars. The complex includes a second building at 2 Victoria Avenue which holds a 6-Star Green Star Design rating. 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: $109.3 million
Last Independent Valuation
Date: Jun 2016
Valuation: $116.0 million
Valuation $/m2: $4,606/m2
Capitalisation rate: 0.08
Discount rate: 8.00-8.75%
Car parking spaces: 158
Net lettable area: 25182 m2
Weighted average lease expiry: 3.9 years
NABERS energy rating: 5.0/5.0*
NABERS water rating: 3.5/4.0*
Green Star rating: 5 Star As Built (2 Victoria Avenue)**
Major Tenants NLA m2
Australian Bureau of Statistics 3,044
College of Law 560
Jacobs 9,280
Shell 5,670
Stockland Development 815
Footnotes
  • * 263 Adelaide Terrace and 2 Victoria Ave respectively
  • ** Green Star Office Design V.2 (2 Victoria Avenue only) - www.gbca.org.au
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