EG Funds has successfully completed the sale of ANZAC Park West, a landmark office building located in Canberra’s Parliamentary Triangle, for $72.5 million. The transaction reflects a significant uplift from the property’s $51 million acquisition price in December 2017, delivering an outstanding return to investors.
The 17,149sqm asset is fully leased to the Department of Defence, providing long-term secure income underpinned by a AAA-rated government covenant. The sale underscores sustained demand for high-quality office assets with strong tenant profiles in Canberra’s tightly held Parliamentary precinct.
EG acquired ANZAC Park West as part of its core-plus investment strategy, targeting well-located assets with stable income and opportunities for value enhancement.
“This sale exemplifies EG’s capacity to identify and realise value through strategic investment and active management and deliver an outperformance against MSCI of more than 10% p.a.” said Sean Fleming, Head of Capital Transactions at EG. “We’re pleased to deliver another strong outcome for our investors while continuing to strengthen our track record in Canberra’s office market.”
The transaction was brokered by Tim Mutton of JLL, who noted strong buyer interest due to the building’s blue-chip tenancy profile and prime location.
The sale of ANZAC Park West settled on 30 September 2025, marking another successful divestment for EG and its investors. The result underscores EG’s proven ability to generate superior returns through strategic asset management and a commitment to sustainable value creation.