Take a look back at Australia’s biggest single office sales in 2021, as reported by Real Capital Analytics.


10. Thomas Holt Drive office park – $288.9 million

Ascendas REIT bought the Thomas Holt Drive office park in Sydney from AMP Capital for $288.9 million.  

The office park, located at 1-5 Thomas Holt Drive, comprised of three buildings spanning 39,188 sqm of net lettable space (NLA) in Sydney’s Macquarie Park.  

The park was fully occupied on double-net leases with a weighted average lease expiry (WALE) of 4.5 years.  


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9. Blue & William – $327.7 million

Keppel REIT purchased Blue & William – a grade-A office development in North Sydney – for $327.7 million in late 2021.  

The asset, located at 2-4 Blue Street and 1-5 William Street, offered about 14,000 sqm of NLA and was situated near the North Sydney train station and the upcoming Victoria Cross metro station. 


8. 50 Marcus Clarke Street – $335 million

GIC and Charter Hall formed a joint venture to buy 50 Marcus Clarke Street in Canberra from Mirae Asset for $335 million in December.  

The grade-A office building had more than 40,000 sqm of NLA and was located in a prime position in Canberra’s CBD.   

The building, which was fully leased to a government tenant, also had a 5.5-star NABERS energy rating and a 6 Green Star rating.  


7. Capital Square Tower 1 – $339 million

In July, Dexus acquired a 49% interest in the Capital Square Tower 1, home to Woodside Energy’s headquarters, in Perth from AAIG for $339 million. 

Located at 98 Mounts Bay Road in Perth’s CBD, the premium-grade office building offered 60,635 sqm of NLA and was situated on a 13,418 sqm site. 

Built in 2018, the building was fully leased with a WALE of 12.2 years.  


6. 1 Bligh Street – $375 million

Cbus Property sold its 33.3% stake in the 1 Bligh Street tower in Sydney to a joint venture between Dexus and Mercatus Co-operative for $375 million in March.  

The 29-storey premium-grade building was located in the financial core of Sydney’s CBD with good access to transport and other key amenities. 

The building was 99.5% occupied with major tenants including Clayton Utz, Bloomberg and the Commonwealth of Australia and a WALE of 5.4 years. 


5. Woolworths headquarters – $463 million

Inmark Asset Management disposed of the Woolworths headquarters in Sydney to AIMS APAC REIT for $463 million.  

Located at 1 Woolworths Way in Bella Vista, the business park featured 44,972 sqm of NLA on a 90,010 sqm site.  


4. EY Centre – $578.5 million

M&G Real Estate and Mirvac teamed up to buy a 50% stake in the EY Centre office building in the Sydney CBD from AMP Capital for $578.5 million in September.  

Mirvac already owned the other half stake in the 200 George Street building and used its pre-emptive right as co-owner to snap up the outstanding interest.  

The tower comprised 38,983 sqm of total floor space across 35 levels of offices and two levels of retail.  


3. 39 Martin Place – $800 million

In January, Investa Commercial Property Fund and Manulife Financial bought the office development at 39 Martin Place in Sydney from Macquarie Group for $800 million.  

The 28-storey development (left) was situated above one of the main entrances of the new Martin Place train station.  


2. Grosvenor Place – $925 million

Blackstone bought a 50% interest in Grosvenor Place office tower in Sydney from Dexus and the Dexus Office Partnership for $925 million.  

The property interest in the 44-level, premium-grade office was leasehold with more than 70 years remaining on the ground lease.  

The building was 89% occupied with Deloitte and Wilsons Parking as its major tenants, as at 30 June 2020. 


1. Melbourne Quarter Tower – $1.2 billion

The National Pension Service of Korea paid $1.2 billion for the 34-storey Melbourne Quarter Tower in Lendlease’s $3 billion Melbourne Quarter precinct.  

The premium-grade tower was the largest in the precinct and was set to become the new national headquarters for Medibank, which would be the anchor tenant.  

The building also included retail space spread across about 3,000 sqm and a boutique wellness hub.