Darling Square, Sydney

35 Tumbalong Bvd, Haymarket, NSW, 2000, AU

Asset description

JLL together with CBRE are proud to present for sale a 100% interest in Darling Square. Darling Square at 35 Tumbalong Boulevard, is the only office building located in one of Sydney’s most vibrant and multifaceted districts, Darling Square Precinct.

Strategically located within Sydney’s CBD and close to Darling Harbour, the asset was purpose built in 2017 for anchor tenant Commonwealth Bank of Australia, the largest bank nationally by market capitalisation.

Built on a substantial site area of 5,359 square metres, the asset boasts market-leading ESG certifications including a 5.5-Star NABERS Energy rating, 5.0-Star Green Star Performance rating and Climate Active Carbon Neutral Certification.

Darling Square is being offered by way of an International Expressions of Interest (EOI) process closing Thursday, 17th July 2025 at 4:00pm (AEST)

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Attributes

Building area net

27,749 sm

Year built

2019

Land area gross

5,359 sm

Occupancy

100%

Tenants

Commonwealth Bank of Australia (71%), Transgrid (13%), First Parking (5%), Sparro Digital Marketing (4%)

Green star

5 Star

NABERS

5.5 Star

Call for offers

07/16/2025

Media

Investment highlights

Rare 100% interest in one of Sydney’s newest Premium grade assets.
Near-term reversion opportunity afforded by a 7.5% market rent review to CBA in 2026, which will improve the yield by ~40bps.
Global leader in ESG, Qualifying for Clean Building MIT concession, Darling Square is Climate Active with a 6.0-Star Green Star Design & As Built, 5.5-Star NABERS, Energy, 4.5-Star NABERS Water, 5.0-Star Green Star Performance ratings.
The asset also has a definitive roadmap to Net Zero.
100% leased, with a 3.7-year WALE (by income), Darling Square has demonstrated strong leasing momentum.
Minimal Future capex required, Darling Square presents ‘as new’ having been institutionally maintained, benefitting from limited future capital expenditure requirements.
Blue Chip tenant covenant, Anchored by Commonwealth Bank of Australia (71% of gross passing income) - Australia’s largest ASX listed company by market cap.