40 Market Street, Melbourne

40 Market Street, Melbourne is an A Grade core office building in an excellent Melbourne CBD location with strong certain long-term cash flow. 40 Market Street is a 14 storey building with offices on the upper 9 levels, ground floor retail and 2 levels of basement car parking. A strategic acquisition of the adjoining Heritage building was completed in 2017.

Investment Details

  • A Grade Melbourne CBD Office
  • Purchased 100% interest in 2014 on behalf of institutional client
  • Office NLA 12,000 sqm
  • Leased to Powercor Australia Limited for 15 years
  • Purchase value $105 million

Investment Returns

  • Expected cash yield of circa 8% pa
  • Expected 10 year term pre-tax IRR of circa 10-11% pa

Relationship Benefits

  • JGS created the off market investment opportunity through its relationships. 
  • The well-known capacity of JGS and its client to review, qualify and complete transactions was a key determinant in the vendor’s consideration of the exclusive dealings in a highly competitive capital market

Key JGS Property Disciplines

  • Property Advisory
  • Property Investment
  • JGS ran due diligence process, all commercial negotiations and managed legal process.
  • Development Management