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“We clearly love the credit quality of government tenants.”
The deal extends the proportion of government tenancies in Charter Hall’s $26 billion office portfolio to 32 per cent, Mr Harrison said.
The BVN-designed 33,000sq m building will have a central atrium.
He declined to disclose the price and yield on which CPOF bought the building.
Doma and Kenyon will oversee construction by Canberra builder Bloc of the BVN-designed building on the 1156-hectare site known as 15 Sydney Ave on Block 3 Section 22 Barton.
“We have been actively developing in Barton since 2003 when we purchased and developed the old Macquarie Hostel that is now the Realm Precinct directly across the road,” Doma managing director Jure Domazet said.
“We are very pleased to now join with Kenyon Investments to deliver this new building as part of a greater office and hotel precinct that continues to grow.”
The Property Council of Australia A-grade building, with a central atrium and feature circulation stair, will target a 4.5 Nabers rating and 5-star Green star rating. It will have 358 car spaces across two basement levels and floorplates of about 5600sq m.
Doma said it would lodge a Works Approval with the National Capital Authority this month.
“This will be our sixth Commonwealth pre-committed office and our third office for the ATO following the ATO Albury and ATO Gosford projects,” said Gavin Edgar, Doma’s general manager for development.
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