201 Pacific Highway, St Leonards, NSW

201 Pacific Highway, St Leonards is a modern, 10-floor A-Grade office building was constructed in 2000 and has a 3.5 star NABERS rating. Part of The Forum Complex, and adjacent to CMA’s property at 203 Pacific Highway, it is conveniently located above the St Leonards railway station and includes significant retail amenity. The building features office space and 20 retail tenancies.

The Centuria Metropolitan REIT holds a 50% interest in the Property, co-investing with the Lederer Group, one of Centuria’s family office clients.

Asset summary
Property typeOffice
NABERS energy rating3.5 stars
Ownership interest50% CMA
TitleFreehold
Site area4,718 sqm
Building constructed2002
Car park spaces145
Tenancy summary
Net lettable area16,488 sqm
Occupancy (by NLA)100%
WALE (by income)4.2 years
Major tenants (by gross income)
Cisco Systems Australia41%
IMS Health Australia (Quintiles)16%
Health Communication Network7%
Valuation summary
Most recent independent valuation$190m (50% share is $95.0)
Valuation date31 December 2018
ValuerColliers
Capitalisation rate6.00%

This information is accurate as at 31 December 2018. 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.