17 Moore Street, Canberra

Acquisition Price
$20.6m

Acquisition Date
2018

Building Size
5,717sqm

Vehicle
Private Capital SPV

NABERS Ratings
Energy 4.5* Water 2.5* Waste N/A

17 Moore Street is a seven-level office building that has recently been the subject of a major refurbishment involving a full external and internal upgrade. The property is located in the north-western quadrant of the Canberra CBD, approximately 250 metres north of the GPO. The building has potential to be certified to a 5 Star NABERS Energy rating.

Due to vacancy in the asset and opportunity was presented to acquire the property at below replacements cost and enhance the tenancy profile by implementing Marprop’s ‘Beyond Grade’ leasing strategy. The building has undergone a rebranding strategy that has seen leasing demand progress beyond initial expectations.