Centuria 80 Grenfell Street Fund
Designed by Hassell Architects, the Property comprises an A-grade commercial office tower constructed in 2013. The Property forms part of the Rundle Place development, which is a multi-level, mixed use complex featuring both retail and office space with car parking extending from Grenfell Street through to Rundle Mall.
Rising 15 levels above ground and cutting a distinctive outline on the Adelaide skyline, the Property consists of a ground level entrance foyer and 11 upper levels of office accommodation (commencing at level 4). Levels 1 to 3 only comprise the lift shaft and fire stairs with the balance of these floors containing Rundle Place and the car park, which are situated on a different title.
The Centuria 80 Grenfell Street Fund holds a 50% interest in the Property, co-investing with the Lederer Group, one of Centuria’s family office clients.
|Fund & asset summary|
|ARSN||626 187 022|
|Fund commencement date||July 2018|
|Number of Properties||One|
|Property address||80 Grenfell Street, Adelaide, SA|
|Property type||Commercial office|
|Ownership interest||50% Centuria 80 Grenfell Street Fund|
|Site area||537 sqm|
|Net lettable area||16,488 sqm|
|Car park spaces||98|
*The Fund has a 99 leasehold interest over its 98 car spaces and bike storage area. The office component of 80 Grenfell street is freehold.