Qube Property

Binary

1101 Hay St, West Perth

‘Binary’ was developed by QUBE as a modern and distinctive 7-Level inner city suburban office building with 2,550sqm of NLA. The development included two above-ground levels of secure car park for 28 vehicles.

Quick Facts

  • Property Type: Office
  • Anchor Tenant: Saipam Australia
  • Hold Period: 2011 to 2019
  • Construction Commenced: 2012
  • Practical Completion: 2014
  • Sustainability: 4.5 Star NABERS
  • Average Investor Subscription: $150,000
  • Minimum Subscription: $50,000

1101 Hay Street was developed in a 50/50 joint venture between QUBE and Dorado.

Completed in 2014, ‘Binary’ was designed to provide boutique accommodation across smaller floor plates in a highly accessible fringe CBD / West Perth location.

The property was developed by QUBE to provide capital and income returns for QUBE investors and was sold by the joint venture partners in 2019.

QUBE’s 50% interest in 1101 Hay Street was owned by a single-asset QUBE company with distributions paid as franked dividends to shareholders quarterly over the 5-year investment term.

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