Capital Square

11 Mount Street, Perth

Overview

Capital Square Tower 1 was built in 2018 to accommodate Woodside's headquarters. It is a 26-storey premium grade office building with large floor plates of approximately 2,000 square metres. Development consent applies to Tower 2 (an 18-storey office building) and to Tower 3 (a 37-storey mixed use office/hotel building). Tower 2 is nearing completion and is leased to Woodside, Clough and BDO.

Property Information

  • Building typePremium Grade - office
  • Year built2018
  • TitleFreehold
  • Metro areaPerth CBD
  • Site area (hectares)1.3
  • Lettable area ('000sqm)61.6
  • Lettable area adjusted for ownership ('000sqm)30.4
  • Number of buildings1
  • Typical floor area (sqm)2,000
  • Car parking spaces663
  • OwnerDXS
  • Ownership (%)49
  • Co-ownerCenture Smith Limited/ CSL Australia
  • Major tenantWoodside
  • Book value at ownership ($m)475.9
  • Independent valuation dateDecember 2022
  • Independent valuation at ownership ($m)475.9
  • Market cap rate (%)5.13
  • 12 month rolling yield (%)5.34
  • Leased by area (%)100
  • Weighted lease term by income (years)10.7

  • NABERS Energy rating (with Green Power)Tower 6.0, Podium 5.5
  • NABERS Energy rating (without Green Power)Tower 5.5, Podium 5.5
  • NABERS Indoor EnvironmentTower 6.0, Podium 5.0
  • NABERS WasteTower 3.5, Podium NR
  • NABERS Water ratingTower 4.5, Podium 5.0
  • Green Star rating6.0 Star (Office As Built v3)
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