This asset is located within the Norwest Business Park which is a leading technology and business park providing campus style office, high-technology and manufacturing-production facilities. Its located in close proximity to the M7 motorway with extensive frontage to both Norwest Boulevard and Brookhollow Avenue.

Property Details

Building type
Data Centre
Title
Freehold
Site area (hectares)
5.2
Lettable area ('000sqm)
13.4
Number of buildings
1
Car parking spaces
163
Year built
1995
Major tenant
IBM Australia
Owner
DXS
Ownership (%)
100

Property Statistics

Metro area
Sydney, Outer West
Zoning
Employment area 10(a)
Site coverage (%)
26
Number of units
1
Average unit size
13.4
Office content (%)
10
Acquisition date
December 2002
Book value at ownership ($m)
76.2
Independent valuation date
December 2018
Independent valuation at ownership ($m)
76.0
Market cap rate (%)
5.40
Initial yield (%)
5.91
Leased by area (%)
100
Weighted lease term by income (years)
4.8