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.

Investment Details

  • 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

Investment Returns

  • Forecast 5 Year IRR circa 12-15% pa

Relationship Benefits

  • 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

Learning Outcomes

  • Strong understanding of local market and politics provide better strategic outlook.