Adelaide's ANZ House Expected to Fetch $200 Million


Property group Dexus and office partner CPP Investment Board have put Adelaide’s ANZ House up for sale with price expectations of at least $200 million. 

The tower is home to high profile tenants including ANZ, the Australian Bureau of Statistics, South Australian government, Deloitte and architects Woods Bagot.

The 21-storey building was bought by the Commonwealth Property Office Fund in 2004 for $143 million, an Adelaide record for an office building.
The vendors picked up ANZ tower for $183 million as part of the take over of the Commonwealth Property Office Fund in 2014.

[Related reading:

Dexus Reports Over 70 Deals Across Office Portfolio]

11 Waymouth Street set high standards for sustainability in building design when completed in 2007 as South Australia’s first ever 5 Star Green Star rated building featuring natural ventilation.

The sales campaign is conducted by JLL and Colliers.

“11 Waymouth Street has a diverse blue-chip tenant base, which greatly alleviates income and vacancy risk to investors,” JLL’s Jamie Guerra said.

“There are very limited purchasing opportunities available in the CBD, and prime assets remain sought after from domestic private and syndicated capital and increasingly from international investors.

“The low market volatility plus a white-collar occupier base somewhat insulated from global equity markets and resource sector risk, is attractive to investors seeking defensive portfolio positioning.”

The 99-metre high building has 152 car spaces and a 5.5-star NABERS energy rating.

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