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Volume:
5,456,200 |
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High:
1.850 |
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Low:
1.820 |
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Change:
+0.010
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Last:
1.850
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On 10 September 2019, Suntec REIT completed the acquisition of 55 Currie Street, a Grade A office building situated in the heart of Adelaide’s central business district for a purchase consideration of A$148.3 million.
The twelve-storey property has an approximate net lettable area of 282,000 sq ft and had undergone several rounds of refurbishment. In the recent asset enhancement exercise completed in 2018, major mechanical and electrical plant and equipment that were upgraded included the lift system, chillers and building management system.
Solar panels were also installed to improve the sustainability of the building. A 4.5-star NABERS Energy rating was obtained after the upgrading. In addition, end-of-trip facilities were installed together with the upgrading of the central atrium, lift lobbies and toilets.
The property has a committed occupancy of 91.6% with the Commonwealth Government, South Australian Government, Allianz and Data Action as the key tenants.
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