Garema Court

140-180 City Walk, Canberra

Overview

Garema Court is one of Canberra’s most recognisable office buildings situated at the heart of the city’s central business and shopping precincts.

The seven level A-Grade building features a modern entrance foyer with high ceiling and integrated café. Every level has large floor plates with full height windows that maximise natural light, and there is a wraparound outdoor terrace on an upper level.

The contemporary office building occupies a prominent position on City Walk in Civic opposite Canberra Centre which is host to a number of clothing retailers including Myer and David Jones. There are a number of restaurants, bars and cafes with indoor and outdoor dining options nearby, and cultural and entertainment options are available at Civic Square, Canberra Museum & Gallery and Jigsaw Theatre Company.

Property Information

  • Building typeA Grade - office
  • TitleLeasehold
  • Site area (hectares)0.2
  • Lettable area ('000sqm)11.4
  • Typical floor area (sqm)1,625
  • Number of buildings1
  • Car parking spaces68
  • Year built1997
  • Major tenantCommonwealth of Australia
  • OwnerDXS
  • Ownership (%)100
  • Metro areaCanberra CBD
  • ZoningCZ1 Core Zone
  • Acquisition dateAugust 2000
  • Book value at ownership ($m)70.0
  • Independent valuation dateDecember 2018
  • Independent valuation at ownership ($m)70.0
  • Market cap rate (%)6.50
  • Initial yield (%)7.29
  • Leased by area (%)99
  • Weighted lease term by income (years)5.1

  • NABERS Energy rating (with Green Power)5.0
  • NABERS Energy rating (without Green Power)5.0
  • NABERS Water rating4.0