555 Coronation Drive, Brisbane, QLD

This prominent three story office building was constructed in 1990, and features two and a half levels of basement parking for 175 vehicles. The property has been progressively refurbished over the past four and a half years, including the most recent upgrade in December 2016 of the foyer and end of trip facilities. The property contains open floor plates of approximately 2,000 sqm, with good natural light and river views.

Asset summary
Property type Office
NABERS energy rating 4 stars
Ownership interest 100%
Title Freehold
Site area 3,104 sqm
Building constructed 1990
Latest refurbishment 2017
Car park spaces 175
Tenancy summary
Net lettable area 5,591 sqm
Occupancy (by NLA) 87.1%
WALE (by income) 3.3 years
Major tenants (by gross income)
CSC Australia 44%
State Mercantile 32%
Chandler Macleod Services 23%
Valuation summary
Most recent independent valuation $33.1m
Valuation date 15 May 2016
Valuer CBRE
Capitalisation rate 8.0%

This information is accurate as at 30 June 2017. It provides a summary of key information in relation to the named property within the Centuria Metropolitan REIT 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.