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and entering Centuria New Zealand.
The Fund is acquiring a 100% interest in an A-grade commercial office asset located within the vibrant harbourside destination of Port Adelaide, approximately seven kilometres from the Osborne Naval Shipyard.
25 Nile Street is fully leased by the Minister for Transport and Infrastructure (Shared Services SA) and the Urban Renewal Authority (Renewal SA).
Developed and released by Renewal SA in 2014, the Port Adelaide Precinct Plan is set to change the historic harbour into a contemporary mixed use urban area with a sustainable local economy and regional activity centre. As a result, there is no other community in South Australia undergoing a transformation like Port Adelaide.
Fund & asset summary | |
---|---|
APIR code | CTR0395AU |
ARSN | 653 978 753 |
Fund commencement date | December 2021 |
Number of properties | One |
Property address | 25 Nile Street, Port Adelaide SA |
Property type | Office |
Ownership interest | 100% Centuria Government Income Property Fund No.2 |
Title | Freehold |