Welcome to Sydney's highly sought after address!
The 15-storey retail and commercial building at 309 George Street is located in the heart of Sydney's vibrant Central Business District. Following its acquisition at an attractive entry price due to the impending vacation by the major tenant in 2011, AM ALPHA undertook a refurbishment program to the value of approximately A$5.6 million over three years and this included refurbishment of accommodation and services to all floors, creation of a rooftop terrace as tenant amenity, new lobby, and new chiller. The result is a completely repositioned asset that not only presents well amongst comparable-grade buildings but offers real value to its occupiers for its locational prominence, accessibility, and convenience of amenities.
Key Facts
-
Prime location in Sydney's CBD
-
Complete refurbishment of a 1960s building
-
Repositioning and re-letting
-
Over 9,000 sqm of retail and commercial space on 15 floors
-
Divestment 2015
Preferred location
309 George Street lies on the western side of George Street, between Margaret and Barrack Streets, right in Sydney's central business district, and is an exceptional location with direct access to Wynyard Station and easy access to buses and ferries. Midway between Barangaroo and Martin Place, 309 George Street is arguably the most centrally positioned building between the two internationally acclaimed commercial precincts.
Identifying opportunities, leveraging values
Through extensive redevelopment and subsequent repositioning and re-letting, 309 George Street was transformed into an attractive and well-performing asset in only a short period of time. The successful sale of the property in 2015 underlines AM ALPHA’s ability to identify market opportunities, seize them, and generate real value from them.
