WorkZone West Sells for $125 Million

A striking commercial building at 202 Pier Street, Perth has been sold for $125.25 million. 

The vendor was the Charter Hall Group through its Charter Hall Direct WorkZone Trust. The group was launched in 1991 and is now one of Australia’s leading property groups with $22.5 billion of assets currently under management.

The purchaser was ASX-listed Elanor Investors Group, a Sydney based investment and funds management business. Its investments include Australian retail plazas plus a…