154 Melbourne Street, Brisbane, QLD

154 Melbourne Street, property is situated on the intersection of Melbourne Street and Manning Streets, South Brisbane, approximately 1.6km south west of the Brisbane GPO. South Brisbane is now recognised as a major corporate location for modern commercial accommodation in addition to providing modern residential, retail, entertainment and educational facilities. The property is a modern 5 star Green Star rated commercial office building, comprising two levels of secure basement parking, ground floor foyer and retail and ten upper levels of A-Grade office accommodation.

Property Information
Property type Urban REIT
 Ownership interest 100%
 Title Freehold
 Latest external valuation March 2015
 Book value ($m) 77.5
 Capitalisation rate (%) 7.50
 Net lettable area (NLA) 11,301 sqm
 Occupancy (%) 100
 Weighted average lease term to expiry (years) 1.9
 Major Tenant QLD State Government (QLD Studies Authority) – 3,699 sqm
QLD State Government (QLD Dept. of Justice) – 2,910 sqm
Snowy Mountains Engineering Corporation – 2,178 sqm
Australand – 1,086 sqm
 Lease expiry QLD State Government (QLD Studies Authority) – June 2017
QLD State Government (QLD Dept. of Justice) – August 2018
Snowy Mountains Engineering Corporation – October 2017
Australand – August 2017

*Information accurate as at 11.01.2017 and provides a summary of key information in relation to the named property within the Centuria Urban Asset Fund portfolio. Information is in summary form only and investors should refer to the Fund’s published financial statements and other disclosures for further information and detail on the portfolio.