Australia's DEXUS Property Group and DEXUS Wholesale Property Fund (DWPF) have announced the $434.8 million purchase of three buildings in Kings Square within the framework of a strategic commercial investment in the Perth CBD.

Kings Square is part of the 13.5-hectare Perth City Link project, which aims to see the Wellington Street Bus Station and the Fremantle rail line pushed underground to make way for new development in an area bounded by Mitchell Freeway, Roe Street, Wellington Street and the Horseshoe Bridge. The regeneration…