121 Marcus Clarke Street, Canberra
121 Marcus Clarke Street, Canberra is a recently constructed A grade office tower located in the western side of the Canberra CBD and bordering the Australian National University.
- A Grade CBD Office
- 100% owned by an institutional client
- 89% leased to Government & Corporate
- Office NLA 24,419 sqm
- Retail NLA 1,580 sqm
- WALE approximately 6.5 years
- Forecast 5 Year IRR circa 12-15% pa
- Secured Government and blue chip corporate tenants in difficult leasing market
Key JGS Property Disciplines
- JGS negotiated the purchase as a long term hold asset.
- Appointed as Asset manager
- Appointed as Property Manager, with one full time on-site property manager assigned
- Negotiation of long term leases
- Development management
- Strong understanding of local market and politics provide better strategic outlook.