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7 Macquarie Place,
Sydney, NSW

7 Macquarie Place is an A grade boutique commercial and retail building, located 200 metres from Circular Quay. The building has 12 office levels with two lift rises and all office floors overlook Macquarie Place Park. The top five levels also have large, attractive garden terraces with views over Sydney Cove to the Opera House.

The retail component includes three ground floor tenancies and a lower ground tavern.

Location: Sydney CBD, NSW
Acquisition date: June 2003
Ownership/title: 50%/Freehold
Cost including additions: $49.2 million
Independent valuation: June 2009
Valuation/($/m2): $50.0 million ($7,340/m2*)
Capitalisation rate: 7.38%
Discount rate: 9.00%
Net lettable area: Office 12,251m2/Retail 1,373m2
Car parking spaces: 23
Major Tenants NLA (m2)
Centric Services 2,846
West LB/Mellon 2,147
Platinum Asset Mgt. 1,982
Booz Allen & Hamilton 1,618
Lease expiry profile
Vacant 0%
FY10 9%
FY11 18%
FY12 18%
FY13 29%
FY14+ 26%

234 Sussex Street,
Sydney, NSW

Location: Sydney CBD, NSW
Acquisition date: October 2000
Ownership/title: 100%/Freehold
Cost including additions: $44.2 million
Independent valuation: June 2009
Valuation/($/m2): $46.5 million ($4,200/m2)
Capitalisation rate: 8.50%
Discount rate: 9.25%
Net lettable area: 11,072m2
Car parking spaces: 69
Major Tenants NLA (m2)
Dept of Housing 2,024
Flight Centre 2,001
Alphawest Services 1,228
This 12 level office building was built in 1988 and is located in
the western precinct of the Sydney CBD.
The building has a typical floor plate of 1,010m2 and secure car
parking for 69 spaces.
Opposite the Darling Park Complex, view corridors are available
from the building over Darling Harbour.
Lease expiry profile
* 100% interest.
Vacant 9%
FY10 25%
FY11 21%
FY12 11%
FY13 25%
FY14+ 9%

45 St Georges Terrace,
Perth, WA

A well located A grade building, 45 St Georges Terrace has nine office levels, ground floor banking accommodation and 33 basement level parking spaces.

The building is located within the historic heart and traditional financial precinct of the Perth CBD, between William and Barrack Streets.

Location: Perth CBD, WA
Acquisition date: March 2007
Ownership/title: 100%/Freehold
Cost including additions: $60.4 million
Independent valuation: June 2009
Valuation/($/m2): $52.0 million ($5,261/m2)
Capitalisation rate: 9.75%
Discount rate: 10.00%
Net lettable area: 9,884m2
Car parking spaces: 33
Major Tenants NLA (m2)
Worley Parsons 5,946
Amnet 984
Lease expiry profile
Vacant 5%
FY10 10%
FY11 10%
FY12 3%
FY13 8%
FY14+ 64%

 

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