The $140 million Dynons Plaza in central Perth could be on the market by the end of the month, with international buyers tipped to run the ruler over what industry insiders have described as an "attractive" asset.
Owners of the under-construction 13-storey office building at 905 Hay Street are believed to be gearing up to place the asset on the market, less than a month before its scheduled completion.
_The _ _West Australian _understands that Dynons' Singaporean owner, Stamford Land Corporation, has been courting the Perth property sector for an agent to help sell the project.
One property source suggested Savills had picked up the listing. Savills could not be reached for comment.
The property is behind Woodside Plaza and backs on to Hay Street. When completed at the end of this month, Dynons Plaza will add 13,000sqm of office space to the CBD and be home to Gorgon LNG project developer Chevron.
Stamford is listed on the Singapore Stock Exchange and is best known for its luxury hotels across Australia and Asia.
It paid $20 million in 1996 for a 9000sqm site, including the land now occupied by the Woodside Plaza.
In 2000, Stamford sold the Woodside development but held on to the Hay Street site which was earmarked for a five-star hotel. The business case did not stack up with the owners opting instead to build an office block.
Colliers International penned the Chevron leasing deal and its director of investment sales, Ian Mickle, said the blue chip client would be a big draw card for potential purchasers.
"It is a new building, a quality long- term lease, so those sorts of assets are attractive to the market," Mr Mickle said.
Industry sources have valued Dynons Plaza at between $130 million and $140 million, which would make it the biggest office transaction in Perth this year.
Anthony Rice, Sydney-based director of development at Stamford subsidiary Stamford Property Services, would not confirm if Dynons had been placed on the market or elaborate on plans for the building.