Exceed lines up Sydney Olympic Park office
Exceed Capital has entered negotiations to buy a Sydney Olympic Park office leasehold from Charter Hall.
The six level building at 7 Murray Rose Avenue contains 5931 square metres.
Aerospace and defence giant Thales occupies 88.8 per cent on a lease expiring in 2032.
Near a new Sydney Metro station, there are also ground floor retail tenancies and a two level basement with 53 car parks.
The site spans 1162 sqm.
Cushman & Wakefield’s Kenny Duncanson, Jack Harrison and Steven Kearney were the agents.
The deal comes three months since we reported Exceed paid Strada Group, led by Scott Barlow, $44.7m for a Gold Coast office.
Last September meanwhile Exceed acquired a medical centre, again on the Gold Coast, for $26.5m (continues below).
That seller was HMC Capital.
Second time luckier
Charter Hall, for the Charter Hall Direct Sydney Olympic Park Fund, also tried to sell 7 Murray Rose Ave in 2018; price expectations were $50-$55m.
The asset manager seized ownership following its takeover of Folkestone the year earlier.
Developed in 2012 the office carries a 5.5 NABERS Energy rating and 6-star Water score.
More to come.
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