FS Property Trust - Open for Investment
The Asset
26 Flinders Street, Adelaide is a prominent 16-levelcommercial office tower strategically positioned in theheart of Adelaide's CBD core corridor — where net absorptionhas reached up to five times the 10-year average, driven byexpanding defence, technology and resources sectorsanchoring long-term demand for quality office space.The asset delivers secure, diversified income across 24tenants including Sealink/Kelsian, Employers Mutual,Aussie Broadband, Samsung Electronics and BlueScopeSteel — with over 50% of tenants in their second or thirdlease terms, reflecting a market-leading retention rate wellabove CBD peers.
Comprehensively refurbished with $10.7 million in recentcapital improvements — including air conditioning, liftsand a new lobby — the building offers 10,217 sqm of highquality office accommodation across efficient 700 sqmfloorplates suited to smaller tenancy demand, a 4-StarNABERS Energy Rating tracking to 4.5 Stars, and 68 securebasement car spaces at 1:150 sqm — one of the strongestparking ratios in the Adelaide CBD.
Key Stats
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