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.

Asset Information

  • Asset typePremium Grade - office
  • Year built2018
  • Asset locationPerth CBD
  • Lettable area ('000sqm)61.45
  • Lettable area adjusted for ownership ('000sqm)30.35
  • Car parking spaces663
  • OwnerDXS
  • Ownership (%)49
  • Co-ownerCenture Smith Limited/ CSL Australia
  • Major tenantWoodside Energy Limited
  • Book value at ownership ($m)454.2
  • Independent valuation dateJune 2024
  • Independent valuation at ownership ($m)454.2
  • Market cap rate (%)5.50
  • 12 month rolling yield (%)5.75
  • Leased by area (%)100
  • Weighted lease term by income (years)9.4

  • NABERS Energy rating (with Green Power)Tower 5.5, Podium 5.5
  • NABERS Energy rating (without Green Power)Tower 5.5, Podium 5.5
  • NABERS Indoor EnvironmentTower 6.0, Podium NR
  • NABERS WasteTower 4.0, Podium NR
  • NABERS Water ratingTower 4.0, Podium 5.5
  • Green Star rating6.0 Star (Office As Built v3) 5.0 Star (Performance v1.2)
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