134 Macquarie Street, Hobart, TAS

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