Wentworth snaps up ex-MLC Centre
Wentworth Capital has bought North Sydney’s ex-MLC headquarters.
On behalf of a fund, it is speculated to be paying just over $100 million for the 105-153 Miller Street.
The seller was Oxford Properties Group, with Investa as manager.
It picked up the 6647 square metre holding with its $264m buy out of the Investa Office Fund in February, 2020, immediately lodging plans to replace it with a 27 storey commercial tower.
At the time, the ex-MLC Centre was listed as a local heritage item (it has since been elevated to the State Heritage Register).
Completed in 1957, in two parts, also North Sydney’s first high-rise office, it contained 42,000 sqm.
Last October, Investa was granted permission to reconstruct the Miller St wing but raze the central core, also exposed to Denison St, for a new 22 level office (pictured, top).
Bates Smart – which penned the original – was appointed for the update (continues below).
That architect also designed ‘Australia’s first skyscraper’ for Orica in East Melbourne, in 1958.
Coincidentally that asset sold too, in 2023 – to Harry Stamoulis.
Charter Hall was that seller
The North Sydney property, commonly known as 105 Miller St, will be held by the Wentworth Real Estate Private Equity Fund 1.
Also today we are reporting Monte Sant’ Angelo Mercy College bought two offices abutting its Miller St, North Sydney, campus, from the state government.
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