Centuria Office REIT’s FY23 results show strong leasing activity improved its portfolio occupancy to more than 97%1.
The Centuria Office REIT has opened Adelaide’s newest office building at 57 Wyatt Street within the capital’s CBD, celebrating the milestone with the asset’s new tenant customers.
Centuria Office REIT (ASX:COF), has reported a 53% year-on-year increase in leasing transactions across its portfolio, reflecting improving tenant demand for quality metropolitan, near city and regional office buildings.
Centuria Office REIT (ASX: COF), has leased c.30,000sqm across its Australia-wide portfolio during HY23, which materially increased its occupancy to a healthy 96.4%.
Centuria Capital Group’s development division has reached a significant milestone with the topping out of its boutique $42 million A-Grade office building in the heart of Adelaide’s CBD.
818 Bourke Street in Melbourne’s Docklands is an A-Grade office building, comprising nine levels with a ground level retail offering. Centuria’s Office REIT (ASX:COF) acquired the asset in December 2018 and has since initiated value-add capital works, which provide tenants with better wellness, connectivity and sustainability measures.