Fund Summary
Acquired an institutional quality A-Grade 19-level office tower located in the heart of the North Sydney CBD. The property boasts 21,896m² of NLA and 122 carparks on a prominent landholding of 2,681m² on Pacific Highway. The asset has outstanding amenities with a premium end-of-trip facility, hotel-styled lobby, ground floor cafe, and impeccable views of Sydney CBD and harbour. It is 5.0 Star NABERS Energy rated and is within a 3 minute walk to Victoria Cross Metro Station and North Sydney Train Station. Forza will pursue an active asset management strategy to reposition and add value to the asset.
Snapped up at a depressed price amid market trough; repositioning leverages hands on asset management, revitalisation of the North Sydney CBD and tight future supply.
