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135 King Street, Sydney**

135 King Street comprises a prominent 25 storey, A-grade office tower and Glasshouse Shopping Centre, a three-level retail centre in the heart of Pitt Street Mall. The building benefits from new end of trip facilities, recently refurbished lifts, and a common area terrace. The asset is in joint ownership between Stockland Trust and Investa Commercial Property Fund.

Location: Sydney CBD, NSW
Acquisition date:Jun 2003
Cost including additions:$92.53 million
Last Independent Valuation
Date:Jun 2018
Valuation:$212.5 million*
Valuation $/m2:$15,613/m²**
Capitalisation rate:5.00%
Discount rate:6.63%
Car parking spaces:72
New lettable area (m2):27,220 m²
Weighted average lease expiry:3.1 years
NABERS energy rating:4.5
NABERS water rating:3.5
Green Star rating:N/A
Major TenantsNLA m2
Brookfield Multiplex4,428
Russell Investments Group3,696
DXC Technology Australia3,626
Moore Stephens International2,443
M&D Services Pty Ltd2,316
  • * Excludes Retail
  • ** 100% interest