FS Property Trust - Closing Soon
The Asset
26 Flinders Street, Adelaide is a prominent 16-level commercial office tower strategically positioned in the heart of Adelaide's CBD core corridor — where net absorption has reached up to five times the 10-year average, driven by expanding defence, technology and resources sectors anchoring 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 third lease terms, reflecting a market-leading retention rate well above CBD peers.
Comprehensively refurbished with $10.7 million in recent capital improvements — including air conditioning, lifts and a new lobby — the building offers 10,217 sqm of high quality office accommodation across efficient 700 sqm floor plates suited to smaller tenancy demand, a 4-Star NABERS Energy Rating tracking to 4.5 Stars, and 68 secure basement car spaces at 1:150 sqm — one of the strongest parking ratios in the Adelaide CBD.
Key Stats
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