Centuria 25 Grenfell Street Fund
The Fund has acquired a 50% interest in one of Adelaide’s most iconic CBD office buildings, 25 Grenfell Street.
Situated within the heart of the Adelaide CBD, this A-grade asset has a long history of attracting high calibre tenants with approximately 72% of the property’s gross income underpinned by leases to the South Australian government and multi-nationals such as Minter Ellison, Aurecon and Lipman Karas.
There is the potential to add value to the property by enhancing its leasing profile through active management and capital expenditure upgrades. The building is also well positioned to benefit from Adelaide’s record infrastructure investment and defence projects, as well as the momentum currently being experienced within the Prime-grade office leasing market.
|Fund & asset summary|
|ARSN||656 250 154|
|Fund commencement date||April 2022|
|Number of properties||One|
|Property address||25 Grenfell Street, Adelaide SA|
|Ownership interest||50% Centuria 25 Grenfell Street Fund|