The latest research from Adelaide Cityscope shows that commercial property sales have decreased for the quarter to July 2016. The latest quarter shows total sales figures of $43.1 million from 27 sales, a decrease compared to the $197.9 million from 18 sales recorded in the quarter to April 2016 and a large decrease compared to the $486.8 million from 21 sales in the quarter to January 2016.

The year to July 2016 shows total sales of $796.4 million from 90 sales, a decrease from the previous year, which had $875.7 million from 84 sales.

The table below shows sales recorded for the past eight updates of Adelaide Cityscope.  

Adelaide Cityscope Quarterly Sales

Notable sales in the July 2016 update of Adelaide Cityscope include:

  • 228-230 North Terrace, Adelaide, a five-storey office building with a net lettable area of 2,689 sqm and Elizabeth House, 232 North Terrace, Adelaide, seven storeys with two rooftop apartments, which sold together for $12 million;
  • 30 Angas Street, Adelaide, part of neighbouring St Aloysius College, a three-storey building with classrooms and educational facilities on a site of 2,469 sqm, which sold for $12 million; and
  • 62-68 Currie Street, Adelaide, a single and two-level building with a net lettable area of 572 sqm, which sold for $5.5 million through Knight Frank.

 

Adelaide Cityscope Quarterly Sales

Properties for sale in the July 2016 update of Adelaide Cityscope include:

  • Allianz House, 89 Pirie Street, Adelaide, a nine-storey building, set back behind the restored three-storey Victorian facade of the site’s former building and with a net lettable area of 7,123 sqm, available through Knight Frank; and
  • 98-100 Gouger Street, Adelaide, a single-storey retail building in the Chinatown precinct of Adelaide, through JLL Adelaide.

Leasing opportunities in the July 2016 update of Adelaide Cityscope include:

  • HP Centre, 108 North Terrace, Adelaide, an 11-level office building including basement parking for 130 cars and with a net lettable area of 20,112 sqm, which has office space of up to 5,686 sqm available through CBRE Adelaide, Knight Frank and Dexus Property Group;
  • 70 Light Square, Adelaide, a six-level office building, including a 31-space basement car park with a net lettable area of 3,496 sqm, which has office space of up to 2,743 sqm available through JLL Adelaide and CBRE Adelaide; and
  • 19 Grenfell Street, Adelaide, an office building of 19 levels including basement parking and a net lettable area of 12,500 sqm, which has office space of up to 6,641 sqm available through Colliers International, CBRE Adelaide and Knight Frank.

Commercial Research