View Comments
Aust Post puts Perth GPO on market
Aust Post puts Perth GPO on market

One of Perth's best known buildings, the heritage-listed GPO building in Forrest Place, is being offered for sale by Australia Post.

The 88-year old building has long been a retail and civic focal point in the city and underwent a $32 million renovation in 2006.

Well-known for its Donnybrook stone façade, the building was the WA headquarters for Australia Post for many years but the carrier now occupies just 10 per cent of the building. the remainder is leased to architectural, engineering and consulting firm AECOM.

The Beaux-Arts architectural style building is directly linked to the recently completed 21-level one40william office and retail tower, and the new Perth underground rail station.

It will be sold via an international expressions of interest campaign by Jones Lang LaSalle.

Last year the building received the Property Council award for heritage and adaptive re-use and the Western Australian Award for outstanding conservation."

Jones Lang LaSalle director Wayne Mitsikas said the seven-level, A-grade standard building fronting Perth's historic Forrest Chase civic plaza was a unique opportunity to acquire an iconic WA asset.

Jones Lang LaSalle's recent national quarterly research shows Perth has the nation's lowest office vacancy rate and strongest leasing market with virtually zero prime office space available in the CBD.

Director Nigel Freshwater said the GPO's high-profile location opposite Myer's Perth flagship department store and about 50 metres from the Murray Street Mall was expected to attract strong interest from Australian and offshore institutions and property trusts.