This article is from the Australian Property Journal archive
DEXUS Property Group is selling a prime office asset at 108 North Terrace in the Adelaide CBD.
Colliers International’s Ian Thomas, Paul Van Reesema, James Barber and Emily Fan have been appointed to run an international expressions of interest campaign.
Thomas said the sale of 108 North Terrace has been eagerly anticipated by purchasers.
“108 North Terrace benefits from exceptional presentation having been actively managed, with the refurbishment focussing on attention to detail,” Thomas said. “The high level of refurbishment is evident in the quality of space and the finishes and particularly striking are the end of trip facilities, which are among Adelaide’s best,”
Located at the heart of Adelaide’s entertainment and cultural district, the 12-level office building provides a net lettable area of 20,088 sqm including ground floor retail and 127 car parks is situated on a 2,307sqm corner site. It was completed in 1999 and underwent a significant refurbishment in 2014. The tenants incude Hewlett Packard, Optus and the South Australian Government.
“The property is extremely well located on North Terrace, one of Adelaide’s principal east-west boulevards, with access to the recently extended tram line linking the entertainment centre and the western precinct to the heart of the CBD,” Van Reesema said.
“108 North Terrace is perfectly positioned to capitalise on the move of the medical, education and associated industries across the Adelaide CBD from the eastern end of North Terrace to the western end.” He concluded.
Australian Property Journal
