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Suntec REIT acquires Adelaide office building for $141 mil

Uma Devi
Uma Devi7/15/2019 07:05 PM GMT+08  • 2 min read
Suntec REIT acquires Adelaide office building for $141 mil
SINGAPORE (July 15): Suntec REIT is acquiring a freehold Grade A office building in Adelaide’s CBD.
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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.

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