Realside 45 Pirie Street Fund
2023
Office
Active
45 Pirie Street represented an exceptional buying opportunity,secured at significant discount to both book and replacement value (last traded at $116m).
Acquired when 80% vacant and requiring capital expenditure upgrades as part of the repositioning.
Discount on purchase priceenabled $17m to be allocated to new lobby and atrium, EOT, onfloor refurbishments including bathrooms, upgrade of lifts and tenant incentives.
45 Pirie Street is now a high-quality A grade office building with excellent amenity in the heart of the Adelaide CBD.
Realside applies a disciplined, research-led approach to acquiring high-quality commercial assets with strong fundamentals. Leveraging deep sector knowledge and long-standing relationships, the team identifies opportunities with clear value-add potential.
The firm invests selectively, only pursuing assets where there is strong conviction in execution. Active asset management and well-timed decisions underpin Realside’s strategy to deliver superior investor outcomes while mitigating risk.
Realside prioritises investor outcomes through value creation, alignment, and transparency—delivering returns via both capital growth and stable income.
If you have any questions or would like to speak to one of our team please contact us.
Level 41, Suite 41.03,
Australia Square,
264 George Street,
Sydney NSW 2000
Level 6, 1008 Hay Street,
Perth WA 6000
Please phone or email us
+ 61 2 8527 3474
[email protected]
Realside acknowledges the Traditional Custodians of the land on which we stand, recognise their enduring connection to this land, waters, and community.
We pay our respects to their Elders past, present and emerging. We extend that respect to all Aboriginal and Torres Strait Islander peoples today.
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