275 Kent Street
OFFICE

275 KENT STREET

275 KENT ST, SYDNEY, NSW 2000

Completed in 2006, Westpac Place is one of the largest office buildings in Australia and is located in the fast growing north-western corridor of the Sydney CBD. The winner of numerous property industry awards, it provides premium grade office accommodation and is the head office of Westpac Banking Corporation. The precinct also includes a sun-filled urban park available for public use, a newly renovated food court, childcare facilities and a public thoroughfare linking Darling Harbour to the Wynyard transport hub. The building features state-of-the-art technology to minimise environmental impacts and reduce energy costs, and has a 6 Star Green Star Performance rating, and a 5.5 Star NABERS Energy rating.

Grade
Premium
Nabers Rating
5.5 Star
Ownership
50% Mirvac, 50% ISPT
NLA
77,255 SQM

Summary information

Acquisition/Agreement Date Aug-10
Last External Valuation Date 31-Dec-21
Valuation at 30-JUN-22 $921.7m
Valuer Directors Valuation
Capitalisation Rate 4.50%
Discount Rate 6.00%
Gross Office Rent $1,316/SQM
Car Spaces 214
Valuation: Book value represents Mirvac's ownership.

Lease Expiry Profile % Income

Wale: 6.6 YEARS

Major Tenants

Entity Name NLA SQM Lease Expiry
Westpac 59,465 Oct-30
Entity Name NLA SQM Lease Expiry
Westpac L24-32 16,131 Jul-24
275 Kent street interior city views

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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.