Lendlease has listed its free-standing, distinctively curved building on Barangaroo South’s waterfront with expectations of about $35 million.
The three-storey building, with timber facade curving in three dimensions, is leased in its entirety to long-term tenant Solotel, owned by Matt Moran and Bruce Solomon.
Lendlease has appointed CBRE to market the 35 Barangaroo Avenue property.
“The sale of 35 Barangaroo Avenue is consistent with our strategy to leverage Lendlease’s integrated property capabilities to deliver high quality urban regeneration projects that enhance value for our securityholders and partners,” Urban Regeneration managing director John Burton said.
CBRE director James Parry described the property as an opportunity to invest in a well-positioned iconic asset.
“This is a trophy asset that would ideally suit high net worth individuals, locally and internationally,” Parry said.
The building’s design, conceptualised by local firm Collins and Turner Architects, followed a design competition run by Lendlease and the Barangaroo Delivery Authority.
Barangaroo, which combines commercial office space, retail and Crown Sydney’s luxury hotel, will be home to more than 23,000 workers and residents on completion.