A landmark “A” Grade office building extensively refurbished in 2021 in a popular Hobart CBD government precinct. The 10 storey, 11,675m2building has a 4.5 Star NABERS rating and is 100% leased to the Tasmanian Government with the current lease term through to 31 March 2031.
Investment strategy: The lease provides for a market rent review to be undertaken in mid 2024. We will hold the property for a period of 5 to 7 years and during that time look to extend the Tasmanian Government lease.
Purchase Price / Date
$57.5m / Mar 2024
Target IRR
10%+ per annum
Tom Williams
Eva Wilson
