Commercial Asset: Watt St Commercial

Address: : 45 Watt Street, Newcastle
Tenants:  Moray & Agnew, PwC, Maxim, ERM, Guild Insurance, Meridian Lawyers, Uniting, Forsythes, NSW Health, and a lobby cafe.
Current Project Valuation: $52m (March 2021)
Status:
Type: Commercial Asset

    

Commercial Asset: Watt St Commercial | Newcastle

Watt St Commercial is situated in Newcastle’s vibrant East End. Workers enjoy lunchtime swims, beach strolls, diverse public transport options, and access to Newcastle's finest cafes and restaurants. The recently upgraded End of Trip facilities facilitate this lifestyle and foster a positive, holistic lifestyle, embodying the ultimate live, work, and play ethos. 

The main building contains over 7,500 square metres of A-Grade office space over six levels, with a recent conversion and expansion adding an additional 856 square metres.  

Key features include: 

  • Secure on-site parking 
  • Landscaped courtyard 
  • “On Watt Grounds” café within the lobby with a living green wall. 
  • 5-star NABERS energy rating 
  • Recently upgraded End of Trip facilities with valet towel service 
  • Close to all modes of public transport 
  • Bike storage area 

Long-term tenants include: Moray & Agnew, PwC, Maxim, ERM, Guild Insurance, Meridian Lawyers, Eco Logic, Property NSW, Ramboll and Australian Business Lawyers. 

This first-class adaptive re-use of the redundant David Madison medical research facility saved this iconic building from demolition and delivered far-reaching environmental, social & economic benefits to the residents of Newcastle. 

Stronach Property acted as Development Manager and leader of the private equity syndicate which re-developed and retained ownership of Watt St Commercial. Stronach Property is the Asset Manager for Watt St Commercial.

Stronach Property Involvement

- Deal Origination and Negotiation
- Development, Design and Approvals Management
- Marketing and Sales Management
- Funding Sourcing
- Asset Management
- Asset Ownership