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An image featuring a black and white photo of a man in a suit and tie, symbolizing the world of commercial real estate development.An image featuring a black and white photo of a man in a suit and tie, symbolizing the world of commercial real estate development.
44 Sydney Avenue

Projects

44 Sydney Avenue

Location

Forrest, ACT

Size

NLA 9,977 sqm

PURCHASE Date

March 2015

Sold

November 2017

Completed

TR

30.4

%

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Activities

QE upgraded the base building services, lobby and general aesthetics.

Strategy

The building is located in the prestigious Parliamentary Precinct. Built in 2003 we aim to regenerate the building aesthetically and mechanically targeting a minimum 4.5 Star NABERS Base Building Energy rating to attract and retain quality tenants, providing stabilised, long-term income to investors.

Outcome

Following the successful aesthetic and mechanical upgrades the property was sold in November 2017 with  100% occupancy. Department of Foreign Affairs and Trade as the anchor tenant. 4.5 Star NABERS Base Building Energy rating was achieved.