The move reflects increased activity in the office market as investors reposition their strategies in response to shifting conditions and long-term sustainability targets.
Brookfield, a Canadian real estate group, is currently seeking to sell its half-stake in the buildings at 680 George Street and 50 Goulburn Street. Both towers are situated in one of Sydney’s busiest business areas. Following a quiet period in office transactions, this sale opportunity is part of a broader resurgence in investor interest across Australia's commercial property sector.
Investa aims to manage both the investment and the properties. Barrenjoey is involved by providing strategic financial support. The towers cover close to 68,000 square metres, are leased by multiple tenants, and were upgraded in 2024. With 36 floors and more than 300 parking spaces, the buildings are also positioned to support future carbon-neutral operations. These features are appealing to institutional investors focused on environmental, social and governance standards.
This offer highlights how property funds are pursuing counter-cyclical strategies by targeting assets viewed as undervalued during the recent downturn. The southern CBD precinct, where the buildings are located, is becoming more desirable due to its access to transport, retail options and a strong presence of government tenants. With more than 100 nearby retail outlets and easy access to key transport links, the towers represent rare A-grade office stock in central Sydney.
The increase in office property deals suggests growing confidence that tighter availability and a strengthening leasing environment could lead to capital growth. While investors in Melbourne and Brisbane are pursuing similar acquisitions, the World Square transaction may be one of the final mid-sized deals before larger institutional players return to the market.
