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    431 King William Street

    • Adelaide SA

    • NLA 11,715sqm + 202 Car Bays

      • Purchased 2018
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    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

    • Extensive upgrades designed to target a minimum 4.5 Star NABERS Base Building Energy rating. Currently rating exempt.
    • 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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