Industrial style building


23 Furzer St, Phillip, ACT 2606

Completed in 2010, this campus style office building was purpose built for the Department of Health and Aged Care and comprises 10 office levels with floors of approximately 4,500 square metres each, as well as two levels of basement parking. The building has achieved a 6 Star NABERS Energy rating, a 6 star NABERS Water rating and a 6 Star Green Star performance rating.

Nabers Rating
6 Star
100% Mirvac
46,167 SQM

Summary information

Acquisition/Agreement Date Feb-10
Last External Valuation Date Jun-23
Valuation at 30-JUN-23 $375.0m
Valuer Knight Frank
Capitalisation Rate 5.63%
Discount Rate 6.25%
Gross Office Rent $511 SQM
Car Spaces 374

Lease Expiry Profile % Income

Wale: 11.6 YEARS

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
Department of Health 45,967 Feb 35
Entity Name NLA / GLA SQM Lease Expiry
Blue Fez 200 Feb 27
Industrial style building


Mirvac acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Owners of the lands and waters of Australia, and we offer our respect to their Elders past and present.  

Artwork: ‘Reimagining Country’, created by Riki Salam (Mualgal, Kaurareg, Kuku Yalanji) of We are 27 Creative.