A Virgin Active-anchored commercial property at 16 Rodborough Road in Frenchs Forest has sold for $38 million following an off-market transaction involving major real estate investment groups.
Sale Finalised In Frenchs Forest
A commercial property anchored by a Virgin Active gym in Frenchs Forest has changed ownership in a $38 million deal.
The asset at 16 Rodborough Road was sold by ESR Australia and acquired by Charter Hall.
The transaction was completed through an off-market agreement reached in December. Settlement was finalised in late February.
Property Details
The Frenchs Forest property occupies a site measuring 1.91 hectares and is zoned B7 Business Park.
It consists of a fully leased four-level building containing offices and a Virgin Active tenancy. The building has approximately 8,410 square metres of space.
Twenty car spaces at the site are leased to Virgin Active, which anchors the complex.
Frenchs Forest is located about 13 kilometres north of Sydney’s CBD.
Ownership History
The property has recorded several transactions over the past two decades.
PropertyLink purchased the site for $23.49 million in 2015. Earlier records indicate the property traded for $18.2 million in 2006.
ESR Australia came to control the asset through its acquisition of PropertyLink Group in 2019.
Corporate Background
ESR operates as a real asset owner and manager across the Asia-Pacific region. The organisation focuses on logistics real estate, data centres and energy infrastructure connected to supply chains and digital economy operations.
The company manages and develops real estate investments across Australia and New Zealand, Japan, South Korea, Greater China, Southeast Asia and India, with additional presence in Europe.
Outlook
The Frenchs Forest transaction records the latest ownership change for the Rodborough Road site, which remains fully leased with Virgin Active as the anchor tenant.
Published 12-Mar-2026
