275 Kent Street, Sydney, NSW
DESCRIPTION
Completed in 2006, Westpac Place has a total NLA of over 77,000 sqm. The winner of numerous property industry awards,
it is one of the largest office buildings in Australia and is located in the rapidly improving Western Corridor of the Sydney CBD. Westpac Place provides Premium grade office accommodation and is the head office of Westpac Banking Corporation. The building has a 4 star NABERS Energy rating.
| SUMMARY INFORMATION | |
|---|
| GRADE | Premium Grade |
| OWNERSHIP | 100% MPT |
| NLA | 77,125 sqm |
| CARSPACES | 214 |
| ACQUISITION DATE | Aug 10 |
| LAST EXTERNAL VALUATION DATE | 31 Dec 10 |
| VALUATION AT 31 DEC 11 | $766.0m |
| VALUER | DIRECTORS VALUATION |
| CAPITALISATION RATE | 6.75% |
| DISCOUNT RATE | 8.75% |
| GROSS OFFICE RENT | $805/sqm |
| MAJOR TENANTS | NLA SQM | LEASE EXPIRY |
|---|
| WESTPAC | 75,547 | Oct 18 |
| SETTLEMENT BAR | 398 | Oct 16 |
| LEASE EXPIRY PROFILE % AREA | |
|---|
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