100 per cent freehold asset poised for repositioning or adaptive re-use, in resurging west end precinct
A boutique office tower in the heart of Perth’s prestigious west end has been listed for sale, presenting a rare sub-$20 million opportunity to acquire an asset primed for repositioning or redevelopment in the core of the CBD.
Located at 178 St Georges Terrace, the nine-storey office building is being offered to market exclusively by JLL Senior Director’s Sean Flynn and Nigel Freshwater, on behalf of the vendor. The building, formerly known as Singapore Airlines House, provides approximately 3,207sqm of net lettable area with efficient side-core floor plates, featuring a distinctive glazed façade and light well that delivers central natural light from level 1 upwards.
Originally constructed in the mid-1960s and refurbished in the mid-1990s, the property includes 10 secure basement car parking bays accessible via a rear right-of-way, preserving the premium St Georges Terrace frontage and street presence.
The building is available with vacant possession and therefore presents an opportunity to repurpose or reposition in an improving CBD market.
“178 St Georges Terrace represents an exceptional opportunity to secure a core CBD asset at a true entry-level price point,” Mr Freshwater said.
“The building’s prime position in Perth CBD’s west end, combined with its manageable scale and flexible floorplates, creates an ideal canvas for strategic repositioning or potential adaptive reuse.”
The building occupies a high-profile location on the northern side of St Georges Terrace at the western end of Perth’s CBD, benefiting from a high volume of day-time foot traffic and immediate proximity to historic King Street and Cloisters Arcade, Shafto Lane, 160 Central and Brookfield Place dining precincts.
“Importantly, the property is positioned to capitalise on the evolving tenant demand in Perth’s office market, with its circa 350sqm side-core floorplates hitting the “sweet spot” for current secure full-floor office leasing appetite, delivering a strong competitive advantage in the leasing market,” Mr Freshwater said.
“The building is surrounded by multiple nearby properties which have completed or are scheduled to undergo significant upgrades including 168, 179, 181,182, 186, and 190 St Georges Terrace, making this western end of the terrace a focal point of refurbishment activity.”
Multiple potential strategies exist for the new owner (subject to council approval), including office repositioning or exploring alternative uses such as hotel/short stay or specialised residential conversion uses, which are contemplated under the City of Perth’s planning scheme.
“The Perth CBD office market has exhibited exceptional resilience, with return-to-office occupancy rates leading the nation and approaching pre-pandemic levels,” Mr Flynn said.
“In contrast to other major Australian markets, Perth has experienced notably lower adoption of remote and hybrid work models. This has resulted in the maintenance of a robust office-based workforce culture, with ongoing demand continuing to be underpinned by our dominant resource sector.”
“We’re also well aware that Perth’s continuing critical housing shortage has generated a huge upswing in discussion around adaptive reuse, so our buyer could come from a number of sectors,” Mr Flynn added.
The 100% freehold interest in 178 St Georges Terrace is being offered for sale via an Expressions of Interest campaign, closing 2pm (AWST) Thursday 28 August 2025.
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