Nishi Building Acquisition, Canberra Australia

Centuria, an SJE Group REIT investment, has entered an agreement to acquire the industry award winning Nishi building at 2 Phillip Law Street, Canberra Australia.

Strategically located in the vibrant and gentrified NewActon Precinct, the A-Grade building provides excellent amenity for the NewActon and Civic precincts while the large floorplates create an efficient design that can accommodate a range of government or corporate tenants.

Canberra’s A grade market continues to demonstrate strong fundamentals with vacancy rates below 5%, the lowest levels in the last decade and balanced supply forecasts that are supported by healthy pre-commitment levels.

The Nishi building was completed in 2012, and has been highly recognised with several industry awards, including ‘Best International Project of the Year’ by the Building Awards in London.

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