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Piccadilly Complex, 133-145 Castlereagh Street, Sydney^**

The Piccadilly Complex comprises Piccadilly Tower, an A-grade 32 storey office building and Piccadilly Court, a B-grade 14 storey office building together with a two level retail shopping centre and 272 car parking spaces. Piccadilly Tower is home to Stockland's Head Office and has recently completed new end of trip facilities. The asset is in joint ownership between Stockland Trust and Investa Office Fund.

Location: Sydney CBD, NSW
Acquisition date:Oct 2000
Ownership/Title:50%/Leasehold (Expiry 2091)
Cost including additions:$123.7 million
Last Independent Valuation
Date:Jun 2018
Valuation:$268.5 million*
Valuation $/m2:$12,779/m²**
Capitalisation rate:5.63-6.00%
Discount rate:6.75-7.00%
Car parking spaces:274
New lettable area (m2):42,022 m²
Weighted average lease expiry:3.9 years
NABERS energy rating:5.0/5.0**
NABERS water rating:4.0/3.5**
Green Star rating:6 Star*** (Office Interiors - Stockland Office only)
Major TenantsNLA m2
The Uniting Church of Australia Property Trust4,940
The University of Sydney3,942
GHD Services3,739
Smartsalary3,264
Stockland Development Pty Ltd10,151
Footnotes
  • * Excludes Retail **100% interest
  • *** Piccadilly Tower and Piccadilly Court respectively