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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 and Investa Office Fund.

Location: Sydney CBD, NSW
Acquisition date: Oct 2000
Ownership/Title: 50%/Leasehold (Expiry 2091)
Cost including additions: $123.20 million
Last Independent Valuation
Date: Jun 2017
Valuation: $243.50 million
Valuation $/m2: $12,410/m²*
Capitalisation rate: 5.75-6.00%
Discount rate: 7.00-7.13%
Car parking spaces: 274
New lettable area (m2): 39,244 m²
Weighted average lease expiry: 3.7 years
NABERS energy rating: 5.0/5.0**
NABERS water rating: 4.0/4.0**
Green Star rating: 6 Star*** (Stockland Office only)
Major Tenants NLA m2
Uniting Church Property Trust 4,940
The University of Sydney 3,942
GHD Services 3,739
Smartsalary 3,264
Stockland 10,151
Footnotes
  • * 100% interest
  • ** Piccadilly Tower and Piccadilly Court respectively
  • *** Green Star Office Interiors V.1 - www.gbca.org.au