The Glasshouse is an A-grade 34,898 sqm NLA office building currently under development in Macquarie Park. The property is substantially pre-committed to the NSW Government under a long-term lease and features eight levels of office accommodation together with ground floor retail and car parking. The property forms part of the larger Macquarie Square master planned precinct and is located less than two minutes walking distance to the Macquarie Park metro station. CLW owns a 50% interest in the property in partnership with the Charter Hall Direct PFA Fund.
Lease expiry profile
|Tenant||NLA (SQM)||Lease Term||Income (%)||Annual Review|
|Property NSW||25,000 sqm||12 years||70.0%||3.50%|
|Fund Ownership||50% Charter Hall Direct PFA, 50% CLW|
|Location||Macquarie Park, Sydney|