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      Avi Gordon

      General Manager – Investor Capital

      M +61 419 868 088 Contact Avi

      Bridget Pillow

      Investor Relations Manager

      P +61 3 9914 2214 Contact Bridget

      Harry Rosenberg

      Director and Head of Capital Raising

      M +61 418 327 286 Contact Harry

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      View property

      431 King William Street

      • Adelaide SA

      • NLA 11,715sqm + 202 Car Bays

        • Purchased December 2018
      View property

      Strategy

      Since completion in 1990, the building had minimal capex spend.

      We aim to regenerate the building aesthetically and mechanically targeting a minimum 4.5 Star NABERS Base Building Energy rating to attract and retain quality tenants, providing stabilised, long-term income to investors.

      Activities

      Significant regeneration program :

      Aesthetic upgrade including refurbishments to ground and on-floor lobbies, bathrooms and end-of-trip facilities and painting of the façade.

      Mechanical regeneration.

      Lift upgrades.

      Outcome

      $8 million regeneration program was completed in March 2020 delivering  exceptional office accommodation and building amenities.

      At present lift upgrades are being undertaken due for completion end 2021.

      Introduction of a café operator and refurbishment of the ground floor retail space due for completion early 2021.

      The building is anchored by Norman Waterhouse.

      $8 million regeneration completed in May 2020 transforming one of the most recognisable buildings in the Adelaide CBD into exceptional office accommodation over 14 floors.

      Facilities & Features

      • 4.5 Star NABERS Base Building Energy rating.
      • Located at the gateway to Adelaide's CBD overlooking Adelaide parklands, with views to the coast and Adelaide Hills.
      • Convenient access to public transport with tram service directly outside the building.
      • Access to cafes, restaurants and retail.
      • New end-of-trip facilities.
      • Ground floor lobby upgrade and on-floor lobbies refurbished.
      • All bathrooms refurbished.

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