Currie-St-Trust
  • SA

Fund Overview

The Currie Street Trust (Fund) is purchasing an A-grade office building at 27 Currie Street in the Adelaide CBD (“the Property”). The property consists of a historic building with an award-winning modern redevelopment.

Objective of the Fund

The Currie Street Trust aims to provide a return to shareholders distribution forecast of 13-14% from year 3.

Portfolio

The portfolio will comprise of an A-grade office building at 27 Currie Street in the Adelaide CBD (“the Property”). The property consists of a historic building with an award-winning modern redevelopment.

  • 27 Currie Street has 14,086sqm of a gross lettable area of approximately 2,900sqm.

  • Investment in the property represents a “refurbishment” and “lease-up” opportunity.

Investment Highlights

Purchase Price – $31m

Site Area – 2,900 sqm

Gross Lettable Area – 14,086 sqm

Current Occupancy – 29%

Distributions

The Fund distributions are yet to be determined.

Term & Liquidity

The term and liquidity of the Fund are yet to be determined.

Fees

Refer to the PDS or request further information from the manager.

Minimum Investment

Refer to the PDS or request further information from the manager.

More Information

For more information please contact the manager for a PDS.

For more information on unlisted property funds and property syndicates please refer to the following guide.

Disclaimer

The information provided above should be seen as factual information and not financial advice.   All the information provided is not intended to imply any recommendation or opinion about a financial product.

We recommend seeking advice from professional and qualified financial planners prior to investing in any financial product.  

Overview

  • Category : Equity Funds
  • Manager : Acure Asset Management
  • Term : To be confirmed
  • Yield : 13-14%
  • IRR : n/a