Kings Square comprises three A-Grade office buildings located in Perth’s emerging mixed-use precinct adjacent to the CBD. The buildings comprise Kings Square 1 (19 levels), Kings Square 2 (11 levels) and Kings Square 3 (9 levels) providing in excess of 50,000 square metres combined office and retail space.

Kings Square is surrounded by the city’s entertainment and cultural precincts including the newly completed Perth Arena and Northbridge’s William Street and Perth Cultural Centre.

The King Square precinct provides unprecedented connectivity being at the heart of Perth's transport hub of underground rail and bus infrastructure, and the junction of four commuter cycle paths.

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.

  • NABERS Energy
    5.5 Star Energy Rating
  • Green Star
    5 Green Star Rating

Property Details

Building type
A Grade - office
Title
Freehold
Site area (hectares)
0.6
Lettable area ('000sqm)
52.3
Lettable area adjusted for ownership ('000sqm)
26.2
Typical floor area (sqm)
1,400
Number of buildings
3
Car parking spaces
155
NABERS Energy rating (with Green Power)
KS1 NR / KS2 5.5 / KS3 NR
NABERS Energy rating (without Green Power)
KS1 NR / KS2 5.5 / KS3 NR
NABERS Water rating
KS1 NR / KS2 2.5 / KS3 NR
Green star rating
KKS1 5.0 Star (Office As Built v3) / KS2 5.0 Star (Office As Built v3) / KS3 5.0 Star (Office Design v3)
Year built
2015
Major tenant
Shell
Owner
DXS
Ownership (%)
50
Co-owner
Dexus Wholesale Property Fund

Property Statistics

Metro area
Perth CBD
Zoning
City Centre
Acquisition date
May 2013
Book value at ownership ($m)
221.0
Independent valuation date
December 2018
Independent valuation at ownership ($m)
221.0
Market cap rate (%)
6.33
Initial yield (%)
8.70
Leased by area (%)
100
Weighted lease term by income (years)
6.3