Sim Lian - Metro Capital ("SLMC") recently announce their purchase of 1 Castlereagh Street which will be a brand new addition to their existing portfolio of 13 retail assets and 4 office assets. SLMC Property Australia have now settled on the purchase of 1 Castlereagh Street Sydney.

The acquisition will complement their other Sydney CBD boutique office building at 50 Margaret Street. SLMC is a private real estate fund management business managing a portfolio of office and retail assets in Australia with funds under management of circa A$1.4 billion, including 1 Castlereagh Street.  

Headquartered in Singapore and with offices in Sydney, Melbourne and Brisbane, SLMC comprises a fast-growing and dynamic team of passionate and experienced property professionals with a proven track record in real estate investment, asset management, finance, and capital management. 

SLMC is looking to reposition 1 Castlereagh Street by rolling out new spec fit-outs for all vacant suites. The project will focus on highly efficient design and premium-level finishes to attract discerning tenants who wish to locate themselves in this prime financial core location. Potential tenants may provide design input for a bespoke solution during the planning stage. 

Following a long-standing appointment at SLMC’s 50 Margaret Street, Ray White Commercial’s Jeremy Piggin and Anthony Harris have been appointed by SLMC as Exclusive Agents to Coordinate the leasing campaign at 1 Castlereagh Street. We welcome outside Agent introductions with 100% scale of fees on offer, commented Mr Harris. 

Harris added, “1 Castlereagh Street commands a proud position on the corner of Hunter and Castlereagh Streets in the footsteps of surrounding premium office towers. The North-East aspect gives the floors excellent solar access. The lobby has undergone a recent refurbishment, providing a minimalist, stylish entrance. The basement has parking and end-of-trip facilities with showers, lockers, and bicycle racks. The new Martin Place Metro Station is located directly opposite the building entrance.”

Mr Piggin further commented, “A selection of new fit-outs is already in place, and additional new fit-outs are planned for all vacancies. The project will focus on highly efficient design and premium-level finishes to attract discerning tenants who wish to locate their business in this prime financial core location. Incoming tenants may provide design input for a bespoke solution during planning.”

More Sim Lian Reading:

1 Castlereagh Street in Sydney’s CBD sold for $196.4 million - Knight Frank | Commo.

Knight Frank appointed to manage Sim Lian – Metro Capital Pte Ltd Australian portfolio | Commo.

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