77 Market Street, Wollongong, NSW

This A-Grade, modern office building was constructed in 2008 and has a 4.0 star NABERS rating. Located in Wollongong’s CBD and adjacent to the recently redeveloped Wollongong Central shopping centre, it comprises five levels spanning 6,755sqm of net lettable area and 131 car spaces. Major tenants include Medibank, the Illawarra Retirement Trust, KPMG and NSW Police.

Asset summary
Property type Office
NABERS energy rating 4.0 stars
Ownership interest 100%
Title Freehold
Site area 2,544 sqm
Building constructed 2008
Latest refurbishment Periodic
Car park spaces 131
Tenancy summary
Net lettable area 6,755 sqm
Occupancy (by NLA) 100.0%
WALE (by income) 4.2 years
Major tenants (by gross income)
AHM Group (Medibank Private) 40%
IRT Group (Illawarra Retirement Trust) 25%
Valuation summary
Most recent independent valuation $33.3m
Valuation date 30 November 2017
Valuer Savills
Capitalisation rate 7.25%

This information is accurate as at 31 December 2017. It provides a summary of key information in relation to the named property within the Centuria Metropolitan REIT portfolio. Information is in summary form only and investors should refer to CMA’s published financial statements and other disclosures for further information and detail on the portfolio.