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Optus Centre, Macquarie Park##

This prime 7.6 hectare site is located in Macquarie Park, 12 kilometres north-west of Sydney CBD. Situated in close proximity to key amenities, this integrated campus comprises six low rise A grade buildings with over 84,000 sqm together with 2,100 car parking spaces. Optus Centre is one of Australia's largest single tenant office campuses.

Location: North-West Sydney, NSW
Acquisition date:Jul 2000
Ownership/Title:51%/Freehold
Cost including additions:$176.8 million
Last Independent Valuation
Date:Jun 2017
Valuation:$227.0 million
Valuation $/m2:$5,287/m²
Capitalisation rate:6.75%
Discount rate:7.25%
Lettable area:84,194 m²
Site area:8 ha
Weighted average lease expiry:3.5 years
Major TenantsGLA m2
Optus Administration84,194
Footnotes
  • ^^^ Book value represents Stockland’s 51% ownership interest.