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Yagan Square, a new retail, food and beverage precinct, is set to open in 2018 and is one of several developments planned for the MRA’s Perth City Link project. Photos: Attila Csaszar

Developers get out of the office

The sounds of construction activity reverberating across the city and the sight of cranes at work are ongoing reminders of the number of projects currently under way in Perth.

However, only one of those projects is a major commercial office building – the 54,000 square metre Capital Square project being developed by Malaysian investment group AAIG, which will be home to Woodside Petroleum once completed in 2018.

As the office market continues to settle following an all-time high of development activity in 2015-16, during which time 130,000 square metres of space was added to the CBD, there is only one other project likely to go ahead in the near term. 

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Ranked by total area owned then by total assets

1st-Brookfield Property Partners188,093
2nd↑GDI Property Group145,399
3rd↓Dexus138,003
4th-Primewest110,222
5th↓Charter Hall87,002
29 property - commercial owners ranked by size of total area in m2

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