9 Hunter Street
Sydney CBD, NSW
9 Hunter Street, a well-located 15,500 sqm commercial asset located in the core financial precinct of Sydney CBD. The asset was acquired in November 2017 for 202 million (AUD) dollars, 98% rented with major tenant Macquarie Bank.
The asset benefits from over 2 billion dollars in private and government infrastructure capital expenditure occurring in the immediate vicinity, including the upgrades to the Brookfield-owned Wynyard Train Station and the George Street closures, making way for the upgraded ambient mall way and light rail.
The asset was acquired materially below replacement cost at a 5.17% per annum passing yield.
Asset type: Core Plus
Investment type: Equity co-investment
Return: c. 19% IRR
Status: Complete
Warning:
Returns are not guaranteed. Past performance is not a reliable indicator of future performance.
Forecasts are based on assumptions and estimates. Actual performance could differ materially and therefore it is not appropriate to rely on forecasts or assume that they will always be accurate.