Project Description

Status New investment
Acquisition date & price June 2016 $42 million
Net lettable area 9,810 sqm office & retail
54 basement car spaces
Investment rationale – Opposite Westfield shopping centre
– Adjacent to bus & rail interchange
– Proximity to Parramatta Square
– Distributable income
– Recent services upgrades
– Significant depreciation benefits
– Redevelopment potential
Major tenant(s) Parramatta Council
Divestment Period 5 to 6 years
Year 1 Distribution 8.5% forecast