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Report: BlackRock, Charter Hall selling 2 office towers in Perth, Australia

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Report: BlackRock, Charter Hall selling 2 office towers in Perth, Australia

Private equity firm BlackRock Inc. and the Charter Hall Group-managed Direct WorkZone Trust are separately selling two A-grade office buildings in Perth, Australia, The Australian reported.

A Korean investor is understood to be conducting due diligence on BlackRock's Optima Centre office campus, which is being marketed with the help of Colliers International and JLL for approximately A$130 million. The fully-leased, two-building property sits on a 9,459-square-meter site within the city's central business district, the publication noted.

On the other hand, listed real estate investor Elanor Investors Group is in negotiations with the Charter Hall trust for the more than A$125 million purchase of WorkZone West property. The campus-style office building that houses tenants including CIMIC Group Ltd. has a net lettable area of 15,602 square meters, a weighted average lease expiry of roughly eight years and 2,400 square meters of floor plates. It is marketed by Savills, according to the May 17 report.

All marketing agents involved with the divestment procedures declined to comment, the paper added.