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Piccadilly Complex, 133-145 Castlereagh Street, Sydney

The Piccadilly Complex comprises Piccadilly Tower, an A-grade 32 storey office building, which includes Stockland’s head office and Piccadilly Court, a B-grade 14 storey office building. In addition there is a two-storey retail shopping centre. Piccadilly Court features recently refurbished ground floor lobby and both assets have recently undergone lift refurbishments. The asset is a joint venture between Stockland and Investa Office Fund.

Location: Sydney CBD, NSW
Acquisition Date: Oct 2000
Ownership/Title: 50%/Leasehold (Expiry 2091)
Cost including additions: $121.3 million
Last Independent Valuation
Date: Dec 2015
Valuation: $207.3 million
Valuation $/m2: $10,545/m2*
Capitalisation rate: 6.13-7.00%
Discount rate: 7.50%
Car parking spaces: 274
Net lettable area: 39,306 m2
Weighted average lease expiry: 5.1 years
NABERS energy rating: 5.0/5.0**
NABERS water rating: 4.5/4.0**
Green Star rating: 6 Star*** (Stockland Office only)
Major Tenants NLA m2
GHD Services 3,739
Smartsalary 3,264
Stockland 10,151
The University of Sydney 3,648
Uniting Church 4,940
Footnotes
  • * 100% interest
  • ** Piccadilly Tower and Piccadilly Court respectively
  • *** Green Star Office Interiors V.1 - www.gbca.org.au
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