Jump to content
Optus Centre,
Macquarie Park, NSW
The Optus Centre is located approximately 12km north-west
of the Sydney CBD in Macquarie Park. The integrated campus
comprises six low-rise office buildings with an NLA of 84,000m2
and parking for 2,100 vehicles.
The office park is the largest single tenant workplace in Australia,
where the floor plates on the six buildings average 3,000m2.
Location: North-west Sydney, NSW
Acquisition date: July 2000
Ownership/title: 31%/Freehold
Cost including additions: $105.5 million
Independent valuation: June 2009
Valuation/($/m2): $108.5 million ($4,157/m2*)
Capitalisation rate: 7.50%
Discount rate: 9.00%
Net lettable area: 84,194m2
Car parking spaces: 2,100
Major Tenants N LA (m2*)
Optus 84,194
* 100% interest.
Lease expiry profile
Vacant 0%
FY10 0%
FY11 0%
FY12 0%
FY13 0%
FY14+ 100%
135 King Street,
Sydney, NSW
The property was completed in 1990 and comprises a prominent
24 level office tower. A comprehensive upgrade of the tower and
foyer has resulted in a fully refurbished A grade building that
meets design and performance requirements of the market.
135 King Street also includes the Glasshouse, a three level
retail centre fronting Pitt Street Mall that includes 27 specialty
retail tenancies.
Location: Sydney CBD, NSW
Acquisition date: June 2003
Ownership/title: 50%/Freehold
Cost including additions: $80.9 million**
Independent valuation: June 2009
Valuation/($/m2): $96.5 million** ($7,107/m2*)
Capitalisation rate: 7.25% Office
Discount rate: 8.75% Office
Net lettable area: Office 27,155m2/Retail 3,920m2
Car parking spaces: 55
Major Tenants N LA (m2*)
Macquarie Bank 16,109
Tresscox Maddox 3,653
Towers Perrin 1,227
M&D Services Pty Ltd 1,227
* 100% interest.
** Excludes retail.
Lease expiry profile
Vacant 0%
FY10 42%
FY11 13%
FY12 5%
FY13 9%
FY14+ 31%
601 Pacific Highway,
St Leonards, NSW
Completed in 1988, 601 Pacific Highway is a high profile
A grade office tower located 200 metres east of St Leonards
railway station.
The property comprises 13 office levels, ground and lower ground
floor showroom, retail tenancies and basement car parking.
The upper office levels enjoy spectacular harbour and city views.
The office tower is wholly occupied by IBM as it’s Australian
head office.
Location: St Leonards, NSW
Acquisition date: June 2003
Ownership/title: 100%/Freehold
Cost including additions: $64.5 million
Independent valuation: June 2009
Valuation/($/m2): $70.7 million ($5,571/m2)
Capitalisation rate: 8.25%
Discount rate: 9.00%
Net lettable area: 12,690m2
Car parking spaces: 155
Major Tenants N LA (m2)
IBM 11,826
Lease expiry profile
Vacant 0%
FY10 2%
FY11 2%
FY12 0%
FY13 43%
FY14+ 53%
Go to top
