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9 Castlereagh Street,
Sydney, NSW
Designed and constructed in 1989 by Australia’s leading architect,
Harry Seidler, 9 Castlereagh Street is a landmark in Sydney
architecture.
Located in the heart of Sydney’s CBD, the property has significant
frontage to Castlereagh Street and offers 31 levels of A Grade
office accommodation, a ground floor child care centre and an
automated stacking system for the carpark. The building is
currently undergoing an extensive rolling refurbishment.
Location: Sydney CBD, NSW
Acquisition date: March 2008
Ownership/title: 100% Freehold
Cost including additions: $205.1 million
Independent valuation: June 2009
Valuation/($/m2): $170.0 million ($7,965/m2)
Capitalisation rate: 7.13%
Discount rate: 9.00%
Net lettable area: 21,343
Car parking spaces: 74
Major Tenants N LA (m2)
Talent 2 1,727
Coin Software 1,663
Macquarie Bank 1,509
PTW Architects 1,494
Lease expiry profile
Vacant 12%
FY10 30%
FY11 14%
FY12 17%
FY13 8%
FY14+ 19%
Riverside Plaza,
452 Flinders Street, Melbourne, VIC
Riverside Plaza was completed in 1994 and comprises 16 office
levels with large, efficient floor plates of up to 2,700m2, the
majority of which have uninterrupted views of the Yarra River
and Southbank.
Stockland’s Victorian office is based at Riverside Plaza, together
with numerous state and federal government bodies.
Location: Melbourne CBD, VIC
Acquisition date: October 2000
Ownership/title: 100%/Freehold
Cost including additions: $130.0 million
Independent valuation: June 2009
Valuation/($/m2): $155.2 million ($4,037/m2)
Capitalisation rate: 8.25%
Discount rate: 9.25%
Net lettable area: 38,449m2
Car parking spaces: 298
Major Tenants N LA (m2)
ANZ Bank 8,833
UCMS 8,062
State Police 5,390
SPI Electricity 4,192
Lease expiry profile
Vacant 0%
FY10 30%
FY11 14%
FY12 2%
FY13 14%
FY14+ 40%
Triniti Business Campus,
North Ryde, NSW
The site is strategically located within Riverside Corporate Park
has elevated CBD and district views and is in walking distance
to the new railway station.
Buildings 1 and 2 were completed in 2008, with Building 3 due
for completion in 2009. The site houses blue chip companies
including Baulderstone, Goodman Fielder, CSR and Downer EDI
Engineering. The site has future development potential.
Location: North-west Sydney, NSW
Acquisition date: June 2001
Ownership/title: 100%/Freehold
Cost including additions: $144.8 million
Independent valuation: June 2009/December 2008
Valuation/($/m2): $140.7 million*
Capitalisation rate: 7.75%*
Discount rate: 9.25%*
Site area: 2.7 hectare
Net lettable area: 16,918m2
Car parking spaces: 991
Major Tenants N LA (m2)
Goodman Fielder 8,520
CSR 5,713
Baulderstone Hornibrook 4,666
Downer EDI Engineering 3,108
Lease expiry profile
Vacant 1%
FY10 0%
FY11 0%
FY12 0%
FY13 0%
FY14+ 99%
* Independent valuation only applicable to building 1 and 2.
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