Australia

These prime commercial buildings surrounded by many bustling cafes, bars, food courts, fine dining restaurants and arts and culture venues on a combined 1028 sqm site with a net lettable area of 4197 sqm was acquired in 2017. Located in the southern sector of the Sydney CBD within the entertainment precinct the site also benefits from its proximity to key transport infrastructure, with a train station, bus stops, and taxi rank all within walking distance. The entertainment precinct is likely to see substantial changes over the coming years with several proposed new developments currently under consideration.

Currently we have a number of high-profile tenants such as Habitainia, Compass Group Polaris Media which reflects the prime location.

Plans are already underway however, to add value by undertaking refurbishments by potentially adding an additional 5 floors to create high quality A grade office space. The floors will be flooded with natural light and feature energy efficient lighting, wide glass windows, lift access, storage and a kitchenette set across an open floor plan and a flexibility which will attract high quality tenants.

Looking further into the future Elegant Australia Group is looking to redevelop the whole site into a 235m mixed use building designed by international architects PTW with an upmarket 4348 sqm retail/dining/commercial podium and over 200 service apartments in a residential tower providing expansive views across Sydney.