Elder House, Adelaide sells for $26 million

Elder House, Adelaide sells for $26 million
Elder House, Adelaide sells for $26 million

Elder House in Adelaide has been sold for $26 million to an unnamed, local, private investor. 

The five-level building was constructed in 1937 with sandstone facade, as the head office of Australian pastoral icon, Elders.

JLL director Roger Klem secured the sale on behalf of Challenger Life.

The property has 12,135 square metres of office accommodation.

It has 6500 square metres of modern office space partially leased to the Australian Institute of Business.

Klem confirmed the purchaser intended to partially occupy the building. 

“This property will immediately benefit via the City of Adelaide’s 10-gig input and the new owner is well advanced with key tenant negotiation," he told The Adelaide Advertiser.

Tags: 
Adelaide Office Sales

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