Chesser House, Adelaide

85.2%

Occupancy1

$81.35m

Valuation1

Office

Sector

Located at 95 Grenfell Street in Adelaide’s CBD, the A-grade, 11-storey Chesser House was added to Cromwell Direct Property Fund (Fund) in April 2022.

The building has a total net lettable area of 11,121 sqm and a 6.1-year WALE, with rental income underpinned by government and blue-chip tenants.

Chesser House has been the beneficiary of significant works which includes the implementation of new end-of-trip facilities, a ground floor lobby upgrade, refurbished lift lobbies and modernised lift cars. A new 93KW solar panel system has also been installed, which generates 17% of the total base building power. This is reflected in the building’s 5.0-Star NABERS Energy rating.

Chesser House provides direct linkages to major transport routes and connectivity to Adelaide’s premier retail precinct, Rundle Mall. Pirie Street, which runs parallel to Grenfell Street, has also emerged as an activated food and beverage destination.

Chesser House is held in Cromwell Direct Property Fund. To gain exposure to Chesser House or for further information on the Fund, click here, call Cromwell’s Investor Services Team on 1300 268 078 or email invest@cromwell.com.au.

1 As at 28 February 2022