JLL has brought to market an unrivalled investment opportunity in one of Perth's most prestigious locations. The development site at 4-8 Charles Street, South Perth, approved for the groundbreaking C6 Project, is now offered for sale via Expressions of Interest, closing at 2:00pm (AWST) on Friday, 27 June 2025.
This exceptional 2,379 sqm site boasts Development Approval for a revolutionary 51-storey residential tower, set to become the world's tallest hybrid timber building. The approved plans showcase a visionary approach to sustainable urban living, combining cutting-edge design with environmental responsibility.
"The C6 Project represents a once-in-a-generation opportunity for investors to be part of a truly transformative development,” said Sean Flynn, Senior Director of Capital Markets - WA at JLL
“With its approved plans for a carbon-neutral or potentially carbon-negative structure, this project is poised to set new global benchmarks in sustainable high-rise construction."
Located just 2km from Perth's CBD, the site offers unrivalled 360-degree views of the Swan River, Perth skyline, Kings Park, and the Indian Ocean. Zoned 'Centre' (R-AC0) under the City of South Perth Town Planning Scheme No. 6, the property benefits from the area's most significant height and plot ratio controls, allowing for a maximum plot ratio of 9.8:1.0.
The approved development plans include 238 premium apartments ranging from one to four bedrooms, with a total Gross Floor Area of 44,461sqm and Net Saleable Area of 24,610sqm. The design features a 500sqm rooftop with an edible garden and entertainment space, as well as 1,600sqm of communal wellness amenities.
At the forefront of sustainable design, the C6 Project is set to utilise 42% mass timber construction, incorporating approximately 7,400 cubic meters of sustainably sourced timber. This innovative approach is expected to sequester 10,500 tonnes of upfront embedded carbon, significantly reducing the project's environmental impact.
Nigel Freshwater, Senior Director of Capital Markets - WA at JLL, highlighted the strong market fundamentals supporting the investment.
"South Perth's median house price has surged to over $1.76 million, reflecting a 45.2% increase over the past five years. With Western Australia's robust economy, positive migration trends, and a tight rental market with just 2.4% vacancy, this development is perfectly positioned to capitalise on the growing demand for premium, sustainable urban living."
The C6 Project aligns seamlessly with the South Perth Activity Centre Plan, which aims to accommodate a significant proportion of the 8,300 new dwellings targeted for the City of South Perth. Its location adjacent to the planned South Perth train station further enhances its long-term value proposition.
The project's ambitious sustainability goals include landscaping 148% of the site area, increasing canopy cover from 4 to 182 trees, capturing and reusing 90% of water on-site, and providing an EV pool of 80 vehicles for residents. These features are complemented by biophilic design principles promoting resident health and well-being.
The C6 Project's potential to reach a height of 191.2 meters, surpassing current timber structures globally, positions it as a pioneering approach to high-rise construction. This innovative design is expected to influence future developments worldwide, with the project team committed to open-sourcing technical materials to encourage broader adoption of mass timber architecture.
Western Australia's strong economic fundamentals provide a solid backdrop for this investment opportunity. The state boasts the nation's lowest unemployment rate at 3.3% (as of December 2024), with a record high of 1.64 million workers employed. This economic strength, coupled with positive population growth and a housing supply shortage, creates an ideal environment for premium residential developments.
"The C6 Project isn't just about creating a landmark building; it's about setting a new standard for sustainable construction on a global scale. For investors, this represents an opportunity to be at the forefront of a paradigm shift in urban development," Mr Flynn added.
The site currently generates significant holding income from existing commercial buildings, providing flexibility for the future owner's development timeline. This income, combined with the property's prime location and approved plans, makes 4-8 Charles Street an attractive proposition for both local and international investors.
"With its prime South Perth location, revolutionary approved design, and strong market fundamentals, 4-8 Charles Street presents a rare chance to acquire a truly unique development opportunity. We anticipate significant interest from investors who recognise the potential to create a landmark sustainable development in one of Perth's most desirable suburbs," Mr Freshwater concluded.
Interested parties are invited to contact JLL for access to comprehensive due diligence information available via an Electronic Data Room.
