
Projects
10 Moore Street
Location
Canberra, ACT
Size
PURCHASE Date
June 2014
Sold
June 2019
Completed
TR
16.7
%
Significant repositioning work: Aesthetic upgrade including new ground and on-floor lobbies and end-of-trip facilities. Mechanical regeneration. Lift replacements. Painting of facade.
Strategy
Located on a prominent corner in Canberra’s CBD. The building has a strong history of attracting and retaining quality corporate and government tenants. 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 June 2019 with 100% occupancy with Optus as the anchor tenant. 5 Star NABERS Base Building Energy rating was achieved.