We are pleased to announce the completion of the acquisition of 26 & 28 Honeysuckle Drive, Newcastle, New South Wales.

Located in Newcastle’s prime office precinct, these two high quality office assets provide 9,432 sqm of NLA and a diversified income from corporate and government tenants. The buildings also boast strong ESG credentials as well as 165 on-site car spaces and market leading end-of-trip facilities.

RF Corval’s CIO Oliver Picone explains the appeal ”We have been selectively bidding on office assets as vendors become more realistic, with higher entry yields acting as a reset to the market, providing a more attractive entry point. Importantly we are seeing the reemergence of value looking forward. The attraction of 26 & 28 Honeysuckle is the strong existing tenancy profile, high yielding nature of it and ability to add value through active asset management.”

We have a strong track record of adding value to these types of assets over time through targeted capital expenditure and active asset management focused upon leasing.