Leading Wollongong Quality Green Group (QGG) has made its first purchase outside of the Illawarra acquiring 1 Rivett Road North Ryde.

Chris Johnson CEO of MMJ Real Estate (MMJ) handle the sale of the property which includes the national head office of American owned multinational conglomerate 3M Company (3M), a leader in the fields of industry, worker safety, healthcare and consumer goods.

The purchase of this predominantly office building adds to QGG’s already substantial office portfolio which includes Wollongong assets, 280-286 Keira Street, a 5 level 7,031m2 building, 93-99 Burelli Street, a 3 storey building comprising 5,770m2 and 7-11 Bridge Street, a 4 storey building comprising 4,422m2. All of QGG’s Wollongong assets maintain a 6-star NABERS Energy rating and are all rated Carbon Neutral.

1 Rivett Road, North Ryde is situated in Riverside Corporate (RCP) located approximately 14 kilometres from the Sydney CBD. Current occupants within RCP include CSR, Boral, CSRIO, Energy Australia and Honeywell. The attractiveness of this location has recently been significantly enhanced by the opening of the new North Ryde metro station, being 300 metres from the property. The new metro line now delivers access to Barangaroo in14 minutes and only 4 stops.

The property itself, positioned on a 1.2 hectare site, comprises the 3M Building, a six level office 8,079m2 office building fully leased to 3M and two older style buildings which are predominantly used as laboratories, storage and office space, whose main tenant is the Australian Export Grains Innovation Centre.

MMJ’s sale of the property was handled by way of an international Expressions of Interest campaign with potential buyers identified from locations across Australia and from, New Zealand, Singapore and the Netherlands. Johnson said, “the campaign resulted in nine expressions of interest being received, which was an excellent result for a property of this size and nature”.

Johnson went onto say, “MMJ which has provided asset management services for the last 8 years will continue to manage the property on behalf of QGG”.

For more information on this sale or advice on your property, reach out to the selling agent.

Chris Johnson, MMJ Real Estate

Phone: (02) 8256 0201

Mobile: 0407 662 267

Email [email protected]