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David Jones Building

The David Jones Building is located in the epicenter of the Perth CBD and enjoys dual frontage to the bustling Murray Street and Hay Street, the only two retail pedestrian streets in the city.

Address	622-646 Hay Street Mall, Perth, Australia
Description	Anchored by a 4-storey David Jones department store. Heritage-listed building (formerly known as Savoy Hotel) – a 5-storey hotel including a basement which has ceased operations since the 1980s. The ground floor has been used for retail since the 1930s and currently houses four specialty tenants.
Prime location
Tenants	David Jones, The Merchant Tea & Coffee Co, Jeanswest, Pandora, Zu, Colorado and Betts.
Positioning	Targets the mid- to high-end income segment
Gross floor area	24,076 square metres
Title & tenure	Freehold
Lease type
Year of completion
Committed occupancy	100% (as at 31 Dec 2009)
Committed occupancy
Strata area
Net lettable area
Number of tenants	7 (as at 31 Dec 2009)
Title
Selected brands of tenants
Valuation	A$115.7m (as at Oct 2009)
Valuation*
Investment story	Retail trade in Western Australia has grown over the past few years in tandem with employment and household income growth Western Australia government extended weeknight trading hours from 5pm to 9pm wef January 2010, to enhance Perth’s status as a tourist precinct Strong population growth should strengthen Western Australia retail growth
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David Jones Building

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