DEXUS Property Group is assessing its options for a revamp of Carillon City, after paying $140 million to buy the CBD shopping arcade.
The mall is anchored by Topshop Topman and features 108 tenancies across 10,700 square metres of retail space.
Fund manager Michael Sheffield said the property represented a value-add opportunity.
“The acquisition fits well with DWPF’s strategy and enhances the retail portfolio by diversifying across a range of shopping centre types and markets,” he said.
The Dexus Perth commercial property portfolio includes Woodside Plaza, Kings Square 1,2 and 3, and a 50 Per cent stake in Alluvion, as well as the office tower at the Carillon arcade.