This article is from the Australian Property Journal archive
SINGAPOREAN-backed Redhill Partners has paid $22 million for the vacant former WA Police offices at 441 Murray Street, in the Perth CBD, from Centuria Capital in an off-market deal.
The recently refurbished eight-level, 5,849 building has been vacant since the middle of last year, and sold well below its $27 million valuation in 2013.
It has floor plates of 700 sqm on average, 39 parking spaces and tenant storage, and has now been listed for lease by CBRE and JLL.
Centuria Capital had taken on the asset as part of its $290 million acquisition of 360 Capital’s property management platform at the end of 2016.
Axis Corporate Property negotiated the sale to Redhill.
Australian Property Journal
