Suntec REIT acquires Adelaide office building for $141 mil

By Uma Devi / The Edge Singapore | July 17, 2019 3:00 PM SGT
SINGAPORE (July 15): Suntec REIT is acquiring a freehold Grade A office building in Adelaide’s CBD.
The 12-storey property located at 55 Currie Street, Adelaide, South Australia, has an approximate net lettable area of 282,000 sf and a weighted average lease expiry (WALE) of 4.4 years.
It also has a committed occupancy of 91.6% with key tenants such as the Commonwealth Government, South Australian Government, Allianz and Data Action.
ADVERTISEMENT
Read more on The Edge Singapore