Office · Sydney CBD / Barangaroo
Salesforce Tower Sydney
180 George Street, Sydney CBD / Barangaroo · Built 2022 · 55 floors
Partial
sourcedmodeled0 of 6 sourced
Ownership & debt
Ownership chain & debt stack
Owner of record: Joint venture: Ping An Real Estate (~50%), Lendlease via APPF Commercial / Australian Prime Property Fund Commercial (~20%), and the former Mitsubishi Estate 30% being unwound (Odakyu Electric Railway ~10% acquired 2025; OUE REIT acquiring 19.9% from Mitsubishi Estate, agreed Feb 2026).
6 recorded holders · 2 beneficial owners · chain resolves 2 levels, with each holder's interest percentage and class.
Tenants & leasing
Tenant roster & leasing
5 tenants of record, with GLA, floor, lease expiration and base rent — plus occupancy, WALT and the rollover stack.
Underwriting
Underwriting
Unlevered and levered IRR, equity multiple, exit math and a live sensitivity grid — built on the NOI, the debt stack and the rent roll above.
Provenance footnotes
- Current value: Estimated — no sourced claim on file.
- $/SF: Estimated — no sourced claim on file.
- GLA: Estimated — no sourced claim on file.
- Ownership — Joint venture: Ping An Real Estate (~50%), Lendlease via APPF Commercial / Australian Prime Property Fund Commercial (~20%), and the former Mitsubishi Estate 30% being unwound (Odakyu Electric Railway ~10% acquired 2025; OUE REIT acquiring 19.9% from Mitsubishi Estate, agreed Feb 2026): Single source — commo.com.au · https://www.commo.com.au/properties/2026/02/25/oue-reit-has-agreed-buy-199-stake-sydney%E2%80%99s-salesforce-tower-a3572-million-cbre
Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration are derived arithmetic, not sourced claims. Not investment advice.
Anchoring begins when the asset enters the live ledger.