The WA government’s hard border stance has been a “two‐edged sword for Perth and its economy”, keeping offices open but making it hard for companies to recruit and grow, GDI Property Group chairman Gina Anderson told shareholders at the company’s annual general meeting on Thursday.

The listed fund manager has almost three quarters of its near $1 billion property portfolio in the Perth CBD, including the jewel in its crown, $345 million Westralia Square, the headquarters of the Western Australia Police Force. It also owns 197 St Georges Terrace, valued at $230 million.