For Sale After 36 Years
New to the market and for sale for the first time in 36 years is 44 Market Street, Sydney. The property is for sale through Knight Frank Sydney and JLL Sydney on behalf of vendor, Dexus Property Group.
44 Market Street is a 26-floor A-grade office block plus three plant floors and four basement levels, which was completed in 1978 with a net lettable area of 30,694 sqm. It won a Royal Australian Institute of Architects merit award in 1979 and has a 5 star NABERS and Green Star performance rating. The property underwent a major $18 million refurbishment in 2019. This included ground and mezzanine retail floor space additions to the York Street facade, a new cafe kiosk, new commercial tenancies and an upgrade of external landscaping.
44 Market Street last traded in two transactions with a 70% share trading at $78 million in 1987 and a 30% share at $31 million in 1995.
CoreLogic Australia