256 St Georges Terrace Terrace
Perth, WA 6000

Overview

Iron Clad Investment

We are pleased to present 256 St Georges Terrace, Perth, for sale through International Expressions of Interest, closing on Wednesday, April 29, 2026. This property stands as a robust investment opportunity amidst the current global economic climate.

Situated at the western entrance to 'the Terrace', this property is strategically located in one of Perth's prime office districts, particularly within the mining and resource industry hub. The site spans a substantial 5,840 square meters and features two interconnected towers surrounding a central core, complemented by basement parking facilities.

The total office space encompasses 23,049 square meters, with a three-level parking station and two street front shops accessible from Hay Street. The entire office area is currently leased to Fortescue Metals Group (FMG), a leading Australian ASX-listed company in the global metals mining sector. Significant investments have been made in the property, including the replacement and upgrading of key building systems and a high-quality fitout, amounting to approximately $80 million since 2024. This makes 256 St Georges Terrace one of Perth's most advanced office towers, offering exceptional amenities for tenants.

Key Features:

• The office space is fully leased with a weighted average lease expiry (WALE) of approximately 5.5 years.
• Located in the prestigious western precinct of Perth's CBD, surrounded by major companies such as Woodside, Worley, Clayton Utz, BDO, and KPMG.
• Generous floor plates of around 3,000 square meters for levels 1-6, designed with a central core layout that maximizes flexibility, natural light, and panoramic views.
• Both the lessor and tenant have heavily invested in the property, totaling around $80 million.

Location Advantages:

• Easy access to Perth's freeway network, CBD fringe, and rail transport systems.
• The area is well-equipped with premium office spaces and excellent food and beverage options.

Future-Proofing:

• Approximately $80 million has been invested in the property prior to FMG's lease commencement, including new end-of-trip facilities and tenant amenities, enhancing the asset's sustainability credentials.
• The property boasts leading sustainability ratings, including a 5.0-star NABERS rating and a 4.5-star water rating.
• Current net face office rent is set at $570 per square meter, with outgoings of $148 per square meter, which are considered sustainable for an A+ Grade office building on St Georges Terrace. Fixed rental increases of 3.5% ensure the integrity of cash flow.

For further information or to arrange a viewing, please reach out to the agents.

Location