David Malcom Justice Centre
OFFICE

DAVID MALCOLM JUSTICE CENTRE

28 Barrack St, Perth, WA 6000

Developed by Mirvac and completed in late 2015, the David Malcolm Justice Centre (previously Treasury Building) is a 33 level office tower, which fronts on to Barrack Street and is immediately south of Town Hall. The property offers a vaulted multi-storey ground floor lobby, column-free floor plates and views of the Swan River above Level 4. The office tower received a 5 Star Green Star Design rating, a 6 Star Green Star Performance rating and has achieved a 5 Star NABERS Energy rating.

Grade
Premium
Nabers Rating
5.0 Star
Ownership
50% Mirvac, 50% Keppel REIT
NLA
31,881 SQM

Summary information

Acquisition/Agreement Date Sep-15
Last External Valuation Date 31-Dec-18
Valuation at 30-JUN-20 $227.9m
Valuer Directors Valuation
Capitalisation Rate 5.50%
Discount Rate 7.25%
Gross Office Rent $927/SQM
Car Spaces 200
Valuation: Book value represents Mirvac's ownership.

Lease Expiry Profile % Income

Wale: 20.7 YEARS

Major Tenants

Entity Name NLA SQM Lease Expiry
Minister for Works 30,588 Nov-40
David Malcolm Justice centre building lobby and elevators