Charter Hall and GIC have established a joint venture to acquire the 50 Marcus Clarke office building in Canberra, Australia, for A$335 million ($238 million).
“50 Marcus Clarke is a well-located, modern asset that meets our high standards for sustainability and aligns well with our strategy of acquiring properties leased to high-quality tenants. It provides a flexible, future-focused and agile work environment, which will help the public sector maintain an engaged, productive and healthy workforce,” said Carmel Hourigan, Office CEO, Charter Hall.
Located in a prime position in Canberra’s CBD with access to all major amenities and transport facilities, 50 Marcus Clarke is a modern institutional class office building with more than 40,000 square meters (430,556 square feet) of net leasable area and is currently fully leased to a government tenant.
“We are pleased to acquire this iconic office building in Canberra’s CBD with Charter Hall, a leading marke
