Growthpoint is pleased to announce the acquisition of 11 Murray Rose Avenue in Sydney Olympic Park.
This A-grade, modern office building offers 5,684 sqm of accommodation across 5 levels, including ground floor retail, plus two levels of basement parking. The building is fully leased with a 4.9 year weighted average lease expiry as at 31 May 2021.
The property has good green credentials with a 5.0 Star NABERS Energy rating and 5.5 Star NABERS Water rating.
Timothy Collyer, Managing Director of Growthpoint, said, “We are very pleased to acquire a three-year old asset in Sydney Olympic Park, reinvesting the proceeds from our recent divestment of two older assets located nearby. This asset is a great addition to the Group’s portfolio and supports our strategy to maintain a portfolio of modern, high-quality, resilient assets, which meet our tenants’ needs now and into the future”
See further details in today's ASX announcement.