Sensational-Adelaide.com

VinyTapestry849 wrote:The Kyren group have recently admitted that the adelaidean had its height increased to 138m, pretty dope!!

gnrc_louis wrote: ↑

Sun Mar 15, 2020 1:27 pm

Might finally see that ugly open air carpark on Light Square get developed now that the site is for sale.

citywatcher wrote: ↑

Sat Apr 18, 2020 10:19 am

Nearing completion:

Sofitel
Wingfold
124 Waymouth St
Light Square
120 Wakefield
Market St
Realm
Crowne Plaza

Under construction:

Toms Court
Penny Place
269 North Terrace

To commence 2021:

Flinders One Stage 2
Hyatt Hotel
Oaks Tavern
Sahmri 2
GPO
Walker Tower

Sent from my SM-J730G using Tapatalk

Patrick_27 wrote:

citywatcher wrote: ↑

Sat Apr 18, 2020 10:19 am

Nearing completion:

Sofitel
Wingfold
124 Waymouth St
Light Square
120 Wakefield
Market St
Realm
Crowne Plaza

Under construction:

Toms Court
Penny Place
269 North Terrace

To commence 2021:

Flinders One Stage 2
Hyatt Hotel
Oaks Tavern
Sahmri 2
GPO
Walker Tower

Sent from my SM-J730G using Tapatalk

Sofitel should be listed in Under Construction, Toms Court is closer to the finish line than Sofitel...

citywatcher wrote: ↑

Sat Apr 18, 2020 11:47 pm

[...]
If I have the right site The oaks tavern is what the planet night club used to be called

Riverside Centre’s multimillion dollar makeover
Giuseppe Tauriello, The Advertiser
May 11, 2020 5:30pm
Subscriber only

More than $40 million is being invested in the Riverside Centre building in the Adelaide CBD, with government tenants locked in for another ten years at the North Tce tower.

The investment will include a major refurbishment program costing around $24 million, including a major focus on sustainability initiatives such as solar panels and technology upgrades.

Major capital upgrades will include new tenant fit-outs, improved end of trip and bike storage facilities, and upgraded building services including hot water units, new building management systems, new lift generators and a new plaza, ground-floor lobby and atrium.

An additional $19 million will be spent as part of a long-term tenant retention program.

The investment marks a decade of ownership by German investor Atlantic Funds.

Sydney-based asset manager Ashbridge Capital is co-ordinating the investment program after working with Atlantic to negotiate ten-year lease renewals over more than 21,000sqm of office space in the building.

The building is now fully tenanted, with the South Australia Housing Association and Department of Human Services as anchor tenants, and leases to state and federal government departments secured to December 2030.

Since 2007, Ashbridge Capital has completed $250 million in advisory projects and has $200 million worth of assets under management, including Riverside Centre.

Ashbridge Capital founder Vishant Narayan, a former long-time managing director of Real I.S. Group in Australia, has invested and managed $400 million of European capital into the Adelaide commercial real estate market.

He remains bullish about the local property market, and Adelaide’s evolving Riverbank precinct, despite the challenges posed by the coronavirus crisis.

As he continues to work with other offshore capital partners, Mr Narayan says Adelaide is generating an increasing level of interest from overseas investor groups.

“Despite the current challenges, and wider economic slowdown in Australia, the Adelaide CBD will outperform in the coming years, backed by solid economic fundamentals and sound government,” he said.

“South Australia has proven to be an attractive investment market for smart offshore capital, and we will focus on greater investment in Adelaide in the short to medium terms.”

Property Council SA executive director Daniel Gannon welcomed the “incredibly positive signal to South Australia’s investment market”.

“South Australia has long been the country’s best kept secret,” he said.

“Decisions like this will create more jobs, stimulate the state’s economy and ultimately encourage further investment in South Australia.”

Riverside Centre opened in 1989, with Atlantic paying $66.8 million for the property in 2010.

“Despite the current challenges, and wider economic slowdown in Australia, the Adelaide CBD will outperform in the coming years, backed by solid economic fundamentals and sound government,” he said.

“South Australia has proven to be an attractive investment market for smart offshore capital, and we will focus on greater investment in Adelaide in the short to medium terms.”