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Thynne Street Property Fund owns the property at 1 Thynne Street, Bruce, ACT.
The building was purpose-built for the Australian Institute of Health and Welfare in 2014. The high-quality office has a net lettable area of 5,848 sq.m over three levels, as well as 68 undercover and 142 on-grade car parks. The building has a five-star NABERS energy rating. The long lease expires in June 2029 and has fixed rent increases of 3.0% per annum, with further options to renew.
Established in 1987, the Australian Institute of Health and Welfare (AIHW) is an independent statutory authority of the Commonwealth Government of Australia. AIHW is a leading research agency that collects data and provides reports and statistics about Australia’s health and welfare. AIHW produces authoritative information that is used widely by federal, state, and local governments, researchers, policymakers, universities, and the broader community. AIHW employs 500 staff.
The property is near the growth district of Belconnen and is adjacent to the University of Canberra and the Australian Institute of Sport. The property is approximately 8 km from Canberra’s Civic, the central business district of our nation’s capital. Over the last decade, Canberra’s population grew by 20.2% compared with 16.9% nationally.