Sydney, 13 March 2016 – Two commercial suites in one of Sydney’s most coveted locations, The Rocks, are set to hit the market – in a move that will unlock significant investor interest.
Located in The Rocks’ prestigious and historical ‘Reynell Building’, at 175 – 185 Gloucester Street, the suites offers a total area of almost 800sqm. The properties are located in close proximity to the Sydney Harbour Bridge, CBD amenities, Barangaroo and transportation services.
The ‘Reynell Building’ is currently home to the Australian headquarters of renowned fashion label Ralph Lauren, along with innovative financial services business Enhance Financial Partners. The Ralph Lauren brand is synonymous with quality and style, and the Gloucester street premise is a true reflection of this.
The commercial suites are the last two properties remaining of ‘The Stamford Residences’, a development completed in 2011. The suites will be offered to the market via an Expressions of Interest campaign in-one-line or individually.
CBRE’s Gemma Isgro and Tim Grosmann are negotiating the sale on behalf of Stamford Property, a prominent residential and hotel developer.
Ms Isgro said the excellent underlying fundamentals provide an opportunity for savvy investors to acquire one of the CBD’s rare creative commercial spaces.
“The site benefits from recent refurbishment, high eight-metre windows offering ample natural light, timber-cladding and spacious environment - making it a truly unique creative workspace in the heat of Sydney’s CBD.”
“Stamford Property has deemed the strong market conditions as an ideal time to sell, being offered to the market as a long term investment opportunity with certainty of immediate stable income.”
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.