CorVal Industry House Trust
10 Binara Street, Canberra, ACT 2601
Property Information
| Property | 10 Binara Street, Canberra, ACT 2601 |
| Commencement | January 2010 |
| Purchase Price | $123.0m |
| Sale Price | $151.7m |
| Equity IRR | 11% |
| Equity Multiple | 1.4x |
A-grade office asset with high quality tenant.
The CorVal Industry House Trust is a retail property trust established to acquire Industry House, an A-grade 14 storey office building located in the Canberra CBD.
The Property was purchased at a discount to valuation and on acquisition was 99% leased to the Commonwealth of Australia.
The Property was sold in October 2013.