Centuria 80 Grenfell Street Fund
80 Grenfell Street, Adelaide, SA was designed by Hassell Architects and comprises of 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 | |
|---|---|
| APIR code | CNT0953AU |
| 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 |
| Title | Freehold* |
| Site area | 537 sqm |
| Net lettable area | 23,361 sqm |
| Building constructed | 2013 |
| Car park spaces | 98 |
| NABERS energy rating | 5 stars |
*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.