CorVal Industry House Trust

10 Binara Street, Canberra, ACT 2601

Property Information

Property10 Binara Street, Canberra, ACT 2601
CommencementJanuary 2010
Purchase Price$123.0m
Sale Price$151.7m
Equity IRR11%
Equity Multiple1.4x

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.



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