Harmony Hindmarsh Square

Building type/sector: Office

Investor return:
6.3% per annum distribution

75-hindmarsh-harmony-case-study

This property is located in a prime corner position overlooking Hindmarsh Square, within the Adelaide CBD. The site features three street frontages to Hindmarsh Square, Pirie and Hyde Streets. 75 Hindmarsh Square is located within the Core Office precinct, long considered the pre-eminent location for corporate and government occupiers.

The property comprises a modern, six level office building (plus basement car park over 3 levels for more than 70 vehicles) with a net lettable area of 4,662 sqm and occupied by a number of well known tenants including Sony Entertainment and national radio station Nova.

 

The building was constructed in the 1990s and has undergone significant upgrades including new access control system and security, bathroom and shower upgrades, total lift overhaul and mechanical plant replacement.  A full ground floor lobby upgrade is currently in planning stages to further improve this well-maintained asset.

75 Hindmarsh Square, Adelaide, SA

Building/Sector Type: Office

Acquisition Date: October 2020
Purchase Price: $40.5 million