Total rental area of around 43,300 square metres
• Excellently located in Canberra’s central business district
Munich, Germany, 22 February 2023
Real I.S. is pleased to announce the sale of the the headquarters of the Australian Taxation Office (ATO) in Canberra to Charter Hall for $290 million AUD The building was constructed in 2007 and is fully let to the Commonwealth of Australia. The asset comprises approximately 43,300 square metres of gross floor area and includes ca.41,700 square metres of office space and ca.1,600 square metres of retail space, distributed over ten floors. There are also 400 car parking spaces for tenants. The location of the property is within walking distance to restaurants, shopping and leisure precincts and also within a short commute to the Canberra airport. ‘The carbon-neutral complex was bought for our Bayernfonds Australien 6 in 2009. The disposal of the building is part of the planned divestment within the frame of our long-term investment strategy,’ explains Axel Schulz, Global Head of Investment Management at Real I.S. AG. Canberra is Australia’s Capital City and was designed as the political and administrative centre of the Australian government in the early twenties. The city is a prominent location for the vast majority of Federal Government Departments and numerous other governmental authorities. Cushman & Wakefield and Knight Frank advised Real I.S. on the deal.eering expertise. The service has been recognised by the German Sustainable Building Council (DNGB) and is taken into consideration for the scoring of building certifications such as the Global Real Estate Sustainability Benchmark (GRESB).