|Geographical Region||CBD, Sydney|
|Type of Investment||Office|
117 Clarence Street is a freehold 12-storey Commercial and Retail building comprising circa 12,590 sqm of office and retail lettable area and is located at the Western Corridor of the Sydney CBD. The Wynyard station and Barangaroo are mere minutes’ walk, while the vibrant retail shopping is a stone’s throw away at the iconic Queen Victoria Building and Pitt Street Mall.
Acquired for A$81 million in 2016, the property was divested for A$153 million in 2018, achieving an IRR in excess of 50%.