Acquired by Cromwell in 2006, Central Plaza at 475 Victoria Avenue is central to the Chatswood area, and integral to the appeal of the surrounding commercial office precinct.
The complex comprises two 13-level office buildings, complete with ground floor retail and three levels of basement car parking.
The common areas and all office floors have undergone extensive refurbishment and modernisation, with net lettable area of 24,704 square metres.
Central Plaza boasts two substantial street frontages, onto Victoria Avenue and Brown Street, and is positioned on a rectangular shaped 6,030 square metre site.
As at April 2023, Tower One has a 4.5-Star NABERS Energy rating and a 1.5-Star NABERS Water rating. Tower Two has a 5.5-Star NABERS Energy rating and a 5.5-Star NABERS Water rating1.
It is situated in the core commercial area of Chatswood, a significant business centre in Sydney’s North Shore region, approximately 10 kilometres from the Sydney CBD. Chatswood is also the largest retail precinct outside the Sydney CBD and enjoys a major inter-modal transport interchange with the Chatswood-Epping rail link. The building is well positioned, benefiting from close proximity to both the transports interchange and the Pacific Highway.
In February 2020, Cromwell sold a 50% stake in the asset for $120 million, and entered into a joint venture for its expansion with a private fund managed by BlackRock.
- Rating expiry 17 April 2024.