This article is from the Australian Property Journal archive
COLONIAL First State Global Asset Management's Private Investor Fund 1 has listed the B grade office building at 9 Hunter St in the Sydney CBD.
Knight Frank’s NSW managing director Richard Horne and capital transactions managing director James Parry are marketing the property, located above Hunter Connection with direct access to Wynyard Station.
The 20 levels office tower, which is in the process of undergoing floor by floor renovations, comprises 15,623 sqm of space and is 97% leased to 18 tenants including Macquarie Bank Group, who occupy 34% of the building’s NLA.
The property has a weighted average lease expiry of 4.1 years.
“9 Hunter St occupies a fantastic location and has a strong leasing history evidenced by its high occupancy. With the Sydney leasing market forecast to strengthen over the short to medium term, locations such as Hunter St will be amongst the first to benefit in terms of rental growth.
“We are expecting strong interest from onshore and offshore groups, who will see 9 Hunter St as an excellent foothold into the highly sought after Sydney CBD office market,” Horne continued.
The expressions of interest campaign closes on Wednesday 24 October 2012.
Property Review
