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.

  • NABERS Energy
    5 Star Energy Rating
  • NABERS Water
    4 Star Water Rating

Property Details

Building type
A Grade - office
Title
Leasehold
Site area (hectares)
0.2
Lettable area ('000sqm)
11.4
Typical floor area (sqm)
1,625
Number of buildings
1
Car parking spaces
68
NABERS Energy rating (with Green Power)
5.0
NABERS Energy rating (without Green Power)
5.0
NABERS Water rating
4.0
Year built
1997
Major tenant
Commonwealth of Australia
Owner
DXS
Ownership (%)
100

Property Statistics

Metro area
Canberra CBD
Zoning
CZ1 Core Zone
Acquisition date
August 2000
Book value at ownership ($m)
70.0
Independent valuation date
December 2018
Independent valuation at ownership ($m)
70.0
Market cap rate (%)
6.50
Initial yield (%)
7.29
Leased by area (%)
99
Weighted lease term by income (years)
5.1