02/08/2022 - 13:11

Former Pindan headquarters sells

02/08/2022 - 13:11

Bookmark

Save articles for future reference.

St John WA has snapped up the Belmont property for $11.55 million, as part of its expansion plans.

Former Pindan headquarters sells
Pindan's former headquarters has sold for $11.55 million.

St John WA has bought the former Pindan headquarters in Belmont for $11.55 million, as part of its expansion.     

The ambulance operator and health services provider bought the 191 Great Eastern Highway building earlier this year, in a deal brokered by Ray White Commercial WA's Brett Wilkins on behalf of liquidators EY.

St John WA currently occupies a building adjacent to the former Pindan site, at 203 to 209 Great Eastern Highway, as its headquarters. 

A St John WA spokesperson said the group had grown considerably, with its integrated business St John Health operating six primary care locations across urgent care, general practice and dental.

Its most recent practice opened last month in Osborne Park.

"Acquiring the Pindan property offers ongoing cost savings by reducing leased buildings," the spokesperson said. 

Business News revealed that building group Pindan went into administration in May last year, after it failed to pay its subcontractors.  

At the time Pindan Group, Pindan Contracting and Pindan Asset Management went into voluntary administration and nine Pindan companies entered liquidation.

Pindan’s 10,954 square headquarters was put on the market earlier this year.

The asset includes a large office building comprising 3,316 square metres of office space and 626sqm  of warehouse space.

St John has 1500 staff, which is triple that of when the 209 Great Eastern Highway headquarters opened in the early 2000s.

Ray White Commercial WA declined to comment. 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options