Acquisition & Asset Management - Commercial
The Forrest Centre
ClientYT International Pty Ltd
Address219 - 221 St Georges Terrace, Perth.
DescriptionTwo A grade office buildings totalling 31,000m². The main office tower consists of 30 levels of office space with a second building containing seven levels of office space with a gymnasium, swimming pool and tennis court. Major tenants include Synergy Energy and ICWA.
ScopeDMG Property provided acquisition advice on behalf of the owner including a full due diligence (technical, financial, strategy) including four other portfolio assets totalling $800m+. DMG was then appointed as the asset manager upon the successful purchase and is responsible for strategic planning, commercial leasing and value enhancement.
ReferenceWayne Wang, Director YT International Pty Ltd
Richard Mulroney, Head of Property WA, Westpac