William Square


Acquisition:$101,000,000 (Sep 2016)​

Disposal:$189,500,000 (Sep 2019)​

Investor IRR:24.23% (1.86 x)

Income Return:12.67% p.a.

Investment Type

Investment Type:Value Add

Location:Northbridge, WA

Sector:Office & Retail

Investment Summary

  • A 22,983 sqm Office building located in Northbridge, WA, acquired in a joint venture trust with Goldman Sachs​.
  • At acquisition 21,033 sqm of the building was occupied by a single tenant, being the Australian Taxation Office (ATO), who later vacated c.40% of their tenancy.  ​
  • The property underwent an extensive refurbishment and re-leasing program to lease up the vacant component and improve the building appeal.