2 Kendall Street, Williams Landing, VIC

2 Kendall Street, Williams Landing is a multi-level, A-Grade suburban office building consisting of a net lettable area of 12,919 sqm. The building was completed in November 2018 and is 100% leased to Target Australia for ten years. Target is a wholly owned subsidiary of Wesfarmers. The building provides a 4.0 star NABERS energy rating, 384 car spaces, a ground floor cafe and modern end of trip facilities.

Asset summary
Property typeOffice
NABERS energy rating4.0 stars
Ownership interest100% CMA
TitleFreehold
Site area4,401 sqm
Building constructed2018
Car park spaces384
Tenancy summary
Net lettable area12,919 sqm
Occupancy (by NLA)100%
WALE (by income)10.0 years
Major tenants (by gross income)
Target100%
Valuation summary
Most recent independent valuation$64.2m
Valuation date31 December 2018
ValuerSavills
Capitalisation rate5.88%

This information is accurate as at 31 December 2018. 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.