Pindan headquarters hits the market

The 11,000 square metre Belmont property once occupied by collapsed building company Pindan is up for sale, one of several assets to hit the market.

The property at 191 Great Eastern Highway, comprises a 3,316sqm office over five storeys, two warehouses and 215 parking spaces.

Pindan purchased the Belmont headquarters in late 2012, which was previously occupied by BHP Billiton Iron Ore.

The property, which is being marketed by Ray White Commercial WA agents Brett Wilkins and Chris Matthews, is being sold as vacant possession, with expressions of interest closing on March 2.

Mr Wilkins said the property presented a rare opportunity for an owner occupier or investor looking to expand or create their corporate headquarters within the growing highway strip.

He said the property benefited from excellent exposure, river and city views, and excellent accessibility to both northern and southern corridors of Perth.

The sale of the office comes just months after creditors of Pindan and its contracting arm accepted a $14.3 million deal from Singaporean parent company Oxley Holdings.

EY was appointed as administrators of three Pindan entities and liquidators of a further nine and began trawling through the company’s assets on May 18, after Business News revealed the company was facing financial trouble.

The construction group collapsed owing more than $97 million, leaving the business's 80 active projects, 280 staff and hundreds of subcontractors and trade suppliers in limbo.