GDI sees bright future for Perth offices
The $500 million GDI Property Group has shrugged off concerns about the weakening Perth office market after a Credit Suisse Report said the central business district vacancy rate would peak at 18 per cent next year.
The $500 million GDI Property Group has shrugged off concerns about the weakening Perth office market after a Credit Suisse report said the central business district vacancy rate would peak at 18 per cent next year with net effective rents falling 5.4 per cent.
The report – Perth AREITS – highlighted that GDI had the highest exposure of all listed property trusts to the Perth office market, with a 40 per cent weighting, ahead of DEXUS Property Group, Investa Office Fund and Mirvac.
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