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
- TitleFreehold
- Asset locationPerth CBD
- Lettable area ('000sqm)61.4
- Lettable area adjusted for ownership ('000sqm)30.4
- Number of buildings1
- Car parking spaces663
- OwnerDXS
- Ownership (%)49
- Co-ownerCenture Smith Limited/ CSL Australia
- Major tenantWoodside Energy Limited
- Book value at ownership ($m)464.1
- Independent valuation dateDecember 2023
- Independent valuation at ownership ($m)464.1
- Market cap rate (%)5.38
- 12 month rolling yield (%)5.57
- Leased by area (%)100
- Weighted lease term by income (years)9.9
- 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, Podium NR
- NABERS WasteTower 5, Podium NR
- NABERS Water ratingTower 4.5, Podium NR
- Green Star rating6.0 Star (Office As Built v3)