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DWS acquires office building in Sydney’s Central Business District
30/03/2026
Acquisition of a twelve-storey next-generation office building in a prime inner-city location.
Unique property combining heritage architecture with a modern refurbishment.
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DWS today announced the acquisition of 32–36 York Street, a boutique office buildingin the heart of Sydney’s CBD, from a local private real estate developer. The transaction, on behalf of two DWS managed German real estate funds representing institutional and retail investors, was sourced and executed by the Australia based investment team.
36 York Street, comprising a recently completed office redevelopment with ancillary retail and newly built extension, has been integrated with a historic 1886 timber‑structured warehouse at 32 York Street toform a modern, high‑quality boutique mixed‑use asset. With a total lettable area amounting to approximately 8,200 square metres, the refurbished office features generous window frontages, increased ceiling heights, and new end‑of‑trip facilities, whilst ground level restaurant, bar and café offerings enhance the mixed‑use concept. Its strong ESG credentials include a five‑star Green Star certification and a five‑star NABERS Commitment Agreement.
Positioned in a prime inner-city Sydney location, it offers excellent public transport options—bus, light rail, train, metro, and ferry—and benefits from high pedestrian traffic and close proximity to popular retail precincts.
Ben Taylor, Head of Real Estate, Australia said: “32 York Street offered a strategic opportunity to acquire a newly completed ‘next-gen’ boutique Sydney office asset, providing our investors exposure to strengthening Sydney office market fundamentals. We have witnessed demand increasingly focus on high‑quality, centrally located office buildings with excellent sustainability attributes.” He added: “This transaction demonstrates our local team’s ability to execute high conviction, research led investment strategies.”