14 Moore Street, Canberra

Acquisition Price
$59m

Acquisition Date
2018

Building Size
10,864sqm

Vehicle
Institutional Fund

NABERS Ratings
Energy 4.5* Water 4* Waste N/A* Indoor Environment 4*

14 Moore Street is located in the heart of the Canberra CBD with 77 basement car spaces and has recently undergone a major refurbishment program. Featuring modern amenities and 4 Star NABERS energy rating, the property has a diverse tenancy profile and four sides of natural light.

With an attractive tenancy and income profile upon acquisition, Marprop intends to maintain the building to a high standard, with planned improvements likely to add significant tenant appeal. The Canberra market is bifurcated, with materially higher vacancy levels experienced in secondary assets, while prime grade vacancy is very low. This presents an opportunity for 14 Moore Street to position itself as a financially attractive tenancy option in the prime segment.