Syndicated Office Investment

City View Road, Pennant Hills

B-grade office asset with strong fundamentals and attractive purchase metrics

The property comprised a 12 level B-grade office building with six levels of office accommodation and six levels of parking accommodating 260 cars. On acquisition the building was 85% occupied with a number of monthly and short-term leases in place.

The strategy focused on repositioning the building by undertaking a comprehensive cosmetic and base building upgrade, together with a targeted leasing/re-leasing campaign in order to maximise the value of the asset which was sold in October 2015 after successfully executing on this strategy.


City View Road, Pennant Hills NSW

Purchase Date

October 2013

Purchase Price


Sale Date

October 2015

Sale Price


Equity IRR