• Acure Asset Management

THE CURRIE STREET TRUST

Updated: Oct 9, 2020

[NOW OPEN ]




The Currie Street Trust 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.

  • 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%


Projected returns on equity

  • Forecasted Capitalisation Rate 13% (fully leased)

  • Forecasted Internal Rate of Return (IRR) 12 -18%

  • Forecasted recurring distribution from Year 3 13 -14% pa


27 Currie Street
27 Currie Street

27 Currie Street
27 Currie Street


27 Currie Street
27 Currie Street











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