12 Moore Street, Canberra

In February 2024, Marprop acquired 12 Moore Street, Canberra for $50 million, adding another high-performing asset to our portfolio. Now 96% leased, the property exemplifies counter-cyclical buying with a passing yield of 9.8%.

This asset also highlights Marprop’s “Beyond Grade” amenity strategy, focused on delivering outstanding amenity and enhancing overall tenant experience. Located adjacent to our asset at 14 Moore Street (within our current portfolio), it generates valuable synergies, strengthening the appeal and connectivity of this prime precinct. Situated in a sought-after area that has demonstrated consistent growth over the past 40 years, 12 Moore Street attracts both private and public sector tenants, further solidifying its market appeal.