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Primewest lifts office market share

National property fund manager Primewest has added another office building to its portfolio, with the recent settlement of its $175 million bid for Perth’s Quadrant building.

The purchase of the 21-storey CBD office tower has bumped Primewest up one spot to third place on the BNiQ Search Engine commercial owners list, overtaking Charter Hall, which has dropped two places to fifth in 2017. 

Charter Hall’s rankings slide also follows the sale of two of its CBD properties earlier this year – 109 St Georges Terrace for $72 million to Singapore-based Far East Organisation, and Workzone East (1 Nash St) to national funds manager CorVal for $68 million, collectively comprising more than 26,000 square metres of office space.

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Ranked by total area owned then by total assets

2nd↑GDI Property Group145,399
3rd↓Dexus138,003
4th-Primewest110,222
5th↓Charter Hall87,002
6th-BGC AustraliaNFP
29 property - commercial owners ranked by size of total area in m2

Ranked by size of total area under management

3rd↓Scentre Group169,012
4th-Lendlease167,746
5th↑Primewest115,070
6th-AMP Capital110,110
7th↑Charter Hall90,379
48 shopping centre owners ranked by size of total area in m2

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