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GS Property Trust - Fully Subscribed

Investment
The Asset

19 Grenfell Street is centrally positioned within Adelaide’sCBD, located along a key commercial thoroughfare near the prominentintersection of King William Street. The property enjoys excellentconnectivity, with direct access to public transport optionsincluding a majorbus interchange at its doorstep,and is surrounded by retail, health, andaccommodation services.

The building comprises approximately 10,500m² of NetLettable Area (NLA) across 17 levels, supported by four modern lift carts andrecently refurbished end-of-trip facilities. Its central location andaccessibility make it a highly attractive destination for office occupiers.

The tenancy profile features a strong mix ofnationally and globally recognised organisations, including Bupa Optical, SMECAustralia, Turner & Townsend, and Hays Specialist Recruitment. Thesetenants reflect a diverse professional base spanning healthcare, engineering,consulting, and recruitment sectors.

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Key Stats
Address:
19 Grenfell St, Adelaide SA 5000
Property Settlement:
January 31, 2025
tenants:
Bupa Optical, SMEC Australia, Turner & Townsend, Hays Specialist Recruitment
WALE:
2.14 years
Gearing:
50%
Investment Term:
5 years
Targeted Return:
10%+ P.A Cash Return at 90% occupancy
Note: Figures correct as at 31st March, 2025
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