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Geoscience HQ set to fetch in excess of $360million

10Geoscience Australia9

Real I.S appoints Colliers and JLL to sell substantial ACT building

Investment manager Real I.S. has appointed Colliers and JLL to bring to market the Geoscience Australia HQ in Canberra next month.

Colliers and JLL will launch an International Expressions of Interest campaign for the sale of 101 Jerrabomberra Avenue in Symonston in the ACT. Colliers agents Paul Powderly, Matthew Winter, Adam Woodward and James Mitchell and JLL agents Tim Mutton, James Barber and Luke Billiau have been appointed to handle the process.

Agents expect the 31,053sqm property, which is 100% occupied by the Commonwealth of Australia as the headquarters of Geoscience, to attract significant national and international interest above $360million.

Geoscience Australia is Australia's pre-eminent public sector geoscience organisation. The organisation is the Australian Government’s trusted advisor on the geology and geography of Australia. The building occupied by Geoscience features infrastructure critical to the functions of this agency including laboratories, offices, and GNSS calibration robotics for GPS. The building is strategically located near Parliament and for collaboration with Australia’s Number 1 Earth Sciences programme at Australian National University.

The Geoscience building will be a highly attractive long WALE offering.


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Paul Powderly

State Chief Executive | Australian Capital Territory

Canberra

As the State Chief Executive Officer of the Canberra office I am part of the Senior Leadership Team of the Australian business.  I currently run our National Government Services business and the agency business in the ACT.

I have been intimately involved in the development sector of the market for the past 30 years and consulted on more than 500 office and residential projects, with a major focus on institutional grade assets.

My experience in the office pre-commitment market is highlighted by my involvement in the delivery of the DoHA, DIMIA, DEEWR, Centrelink and Industry buildings, totalling in excess of 250,000sqm NLA.  Other major projects I have been involved in include the new Human Services building in Greenway ACT (26,000sqm), ATO building in Albury NSW, ATO buiilding in Chermside QLD and National Archives building in Mitchell, ACT 

I am advisor to the ACT Government (Australian Forum/City to Lake) and advisor to council members of the Australian National University Investment Fund.  Through my GST knowledge I heavily influenced reforms on the Tax legislation on the margin scheme.

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Matthew Winter

Director | Capital Markets & Investment Services

Canberra

As a  leader of the ACT Investment Services & Capital Markets businesses, Matthew specialises in the sale of CBD and Metro Office buildings, Strata Office, Retail and Premium Investment assets. Matthew has positioned himself and his team at the forefront of the Canberra market, achieving the dominant market share over the past 3 years and transacting over $1b in sales. His efforts earnt the Colliers Canberra team the title of REIACT Commercial agency of the year for 2017, 2018 and 2019 as well as REIA Commercial Agency of the year 2019.  In 2020,  as part of the Canberra agency team, Matthew and colleagues were inducted into the REIACT Hall of Fame.  In 2021 Matthew and his team facilitated over $900m in sales throughout the ACT and other National Metro Markets. 

Matthew collaborates as part of the National Investment Services team and is a key decision-maker within:

  • Middle Markets Office initiative
  • Strata Practice Group
  • Premium Investments Practice Group
  • Restructuring Property Services team (where he is the ACT team leader)

He values his investment in relationships, and partners with private and institutional clients locally, nationally and internationally (through local travel to Asia). This enables him to deliver enduring value to any property appointment acting with integrity and discretion. 

Critical to his success is his ability to extract the maximum sale price for his clients, even in challenging market conditions. By combining the right expertise, market experience and connections, he has developed a strategy to maximise the potential of property to drive exceptional results.

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Adam Woodward

Head of Capital Markets | Australia

Sydney

Adam is a highly motivated, well rounded property professional with proven experience in deal origination and completion of major property transactions across all investment sectors. Adam’s specific experience has been working in a transaction team for a major public and wholesale institutional investment business.

He is particularly focussed on achieving the best results for his clients, with his ability to drive and generate well balanced, cost effective and collaborative solutions.

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James Mitchell

Director, International Capital | Capital Markets

Sydney

James brings a wealth of knowledge to the commercial property sector with a key focus on offshore capital investing in the Australian real-estate market. James advises inbound capital on opportunities and provides them with the platform and resources to underwrite and execute cross border transactions through both direct and capital partnering transactions.   

With a background in valuations and extensive experience in fund-through development and investment grade assets James provides an in-depth approach to the process.

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