GDI Property Group Limited and GDI Property Trust (GDI) have announced that they have executed three new Heads of Agreement to lease approximately 5,500sqm of their portfolio, including the first tenant to commit to the yet to be completed WS2 in Perth.
They are also in active negotiations with another tenant for over 3,000sqm.
This leasing momentum indicates that the Perth market is improving, and GDI expects that the two carparks they purchased in December 2021 have recovered from their poorer performance in April and May 2022.
GDI will release their half year results on Monday 20th February and have all their assets revalued as part of the reporting cycle.