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MRS Case Studies


Chesser House

91-97 Grenfell Street
Adelaide, SA

Building Type / Sector: Office

Aquisition Date: January 2009

Purchase Price: $35.5m

Investor Return: Distributions averaged 8.8% per annum from purchase to July 2017

Property which has performed very well since purchase, including the State Government agreeing to a new seven year lease over five floors.

Extensive refurbishment/upgrading works have gradually occurred over the eight years of ownership, including a major upgrade of the foyer and facade completed in early 2017.