Premium North Sydney office asset set to tap into rising investor demand

The opportunity to acquire 100 Mount Street, a premium grade North Sydney asset, is expected to attract interest from investors looking to benefit from opportunities arising from the opening of the Victoria Cross Metro Station, wider precinct transformation and increased tenant demand.

CBRE’s James Parry, Flint Davidson and Stuart McCann together with Cushman & Wakefield’s Josh Cullen, Mark Hansen and Bridhe Woods have been appointed to advise and manage the International Expressions of Interest campaign.

The asset is being offered as a 100% freehold and represents the only premium grade, 100% freehold commercial asset to be available in the Sydney and North Sydney CBDs in over a decade.

One of only three premium buildings in North Sydney, 100 Mount Street was delivered in 2019 and comprises 41,500sqm of office space across 35 levels. It boasts a diverse mix of high-quality tenants including Hollard Insurance, Laing O’Rourke, First Data Resources and Chanel, and features stunning views of Sydney Harbour, the Harbour Bridge and the Sydney CBD - a major attraction for tenants in North Sydney.

CBRE’s Head of Office Investments, Pacific, James Parry noted; “The North Sydney office market is experiencing unprecedented tenant demand, predominantly from tenants outside the North Sydney market. Since 2023, we’ve seen 24 new tenants move to North Sydney, accounting for circa 36,000sqm of space. This has been driven by tenants seeking better quality buildings in superior locations, and North Sydney has become an overwhelming preference.”

“Set against this, new supply is at the lowest level in decades, with this year’s completion of the Victoria Cross over-station development expected to mark the last premium office development in North Sydney for many years. With elevated construction costs restricting office supply Sydney-wide, strong tenant migration and the ongoing conversion of existing office stock, it’s anticipated that North Sydney’s vacancy will contract. This will stimulate significant rental growth in the medium term - mirroring the trends currently seen in premium grade towers within Sydney’s CBD core,” Mr Parry added.

Cushman & Wakefield’s Josh Cullen said, “Premium office assets remain tightly held and are increasingly difficult to access in the current market - particularly full ownership interests, which are exceptionally rare. Investor appetite for core assets remains strong, driven by strengthening tenant demand for premium space.”

Situated close to bars, restaurants, retail and health services, the 1,762sqm site is in the heart of the vibrant North Sydney precinct on the corner of Mount and Walker Streets, with a third frontage to Spring Street, offering high visibility and easy access to a range of transport options including the Victoria Cross Metro Station.

The asset also features market-leading sustainability credentials with 5.0-Star Green Star Design, 5.0-Star NABERS Energy Rating and 4.5-Star NABERS Water Rating.

The International Expressions of Interest Campaign closes 4pm on Wednesday, 12^th November 2025.