Kings Square

Wellington Street, Perth

Overview

Kings Square comprises three A-grade office buildings. Kings Square 1 (19 levels), Kings Square 2 (11 levels) and Kings Square 3 (9 levels) provide in excess of 50,000 square metres of combined office and retail space. At its heart lies a vibrant plaza with financial and retail services, bars, restaurants and cafés. There are also extensive end-of-trip facilities including hundreds of bicycle racks, lockers and fully-equipped shower and change facilities, as well as a large onsite childcare service.

Asset Information

  • Asset typeA Grade - office
  • Year built2015
  • Asset locationPerth CBD
  • Lettable area ('000sqm)51.75
  • Lettable area adjusted for ownership ('000sqm)25.87
  • Typical floor area (sqm)1400
  • Car parking spaces155
  • OwnerDXS
  • Ownership (%)50
  • Co-ownerDWPF
  • Major tenantShell Australia Pty Ltd
  • Acquisition dateMay 2013
  • Book value at ownership ($m)205.1
  • Independent valuation dateJune 2024
  • Independent valuation at ownership ($m)205.1
  • Market cap rate (%)7.00
  • 12 month rolling yield (%)8.64
  • Leased by area (%)96
  • Weighted lease term by income (years)3.4

  • NABERS Energy rating (with Green Power)KS1 5.0 / KS2 6.0 / KS3 5.5
  • NABERS Energy rating (without Green Power)KS1 5.0 / KS2 6.0 / KS3 5.5
  • NABERS Indoor EnvironmentKS1 6.0 / KS2 6.0 / KS3 6.0
  • NABERS WasteKS1 3.0 / KS2 NR / KS3 4.5
  • NABERS Water ratingKS1 4.0 / KS2 5.0 / KS3 3.5
  • Green Star ratingKS1 5.0 Star (Office As Built v3), KS2 5.0 Star (Office As Built v3), KS3 5.0 Star (Office Design v3) 5.0 Star (Performance v1.2)
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