255 George Street is an iconic freehold Grade A office building located in the highly sought after Core Precinct of Sydney’s CBD. The building has a total net lettable area (NLA) of 38,996.8 sm, comprising 38,805.0 sm of office space and 191.8 sm of retail space, as well as 188 carpark lots. It is located along the prime end of George Street, within the Sydney CBD's Core Precinct. Strategically situated opposite Bridge Street Light Rail Station and within walking distance to Wynyard Station. 255 George Street features refurbished office spaces and lobbies, as well as premium amenities including a wellness studio, a ground floor café, end-of-trip facilities, as well as multi-use flexible workspaces on the ground and mezzanine floors.
255 George Street has achieved a 5.5 Star National Australian Built Environment Rating System (NABERS) Energy rating.
255 George Street, Sydney, New South Wales
50%
38,996.8 sqm (Office: 38,805.0 sqm / Retail: 191.8 sqm)
Freehold
93.0%
9 May 2024
S$321.0 million | A$363.8 million
188
| 1 | Based on an exchange rate of A$1 to S$0.8823 as at 20 March 2024. The independent valuation conducted by CIVAS (NSW) Pty Limited concluded a market value for the Property (on 50% interest) as at 1 March 2024, assuming legal completion on 1 June 2024, of A$363.8 million (with rent guarantee) and A$358.9 million (without rent guarantee). These valuations are based on the capitalisation approach, discounted cashflow approach and direct comparison approach. |
