The Fund holds a 50% share in Indooroopilly Shopping Centre and a 50% share in 101 Collins Street, Melbourne.
This Fund, in conjunction with the PSS/CSS A Property Trust, consolidates ARIA’s holding of 100% of each of the two assets.
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| Regarded as Melbourne's premier office building, 101 Collins Street provides premium grade office accommodation over 57 levels in the main building with an additional four levels of lesser grade accommodation in associated buildings over three street frontages. In addition, there is retail accommodation along the Collins Street, Flinders Lane and George Parade frontages and basement car parking for over 400 vehicles. Completed in 1991, the property has a total lettable area of 83,145 sqm and occupies a unique position within the Melbourne market, attracting Melbourne's highest office rentals and strong tenant covenants. | Indooroopilly Shopping Centre is a multi-level, enclosed Regional shopping centre located approximately 6 kilometres south west of the Brisbane CBD. It is the dominant retail destination within the middle Brisbane metropolitan area, with a total Gross lettable area of 84,516 sqm. The Centre comprises six major tenancies (Myer, Target, Kmart, Woolworths, Harvey Norman, and BCC Cinemas), three mini major tenancies, 215 specialities, 34 kiosks, office suites, along with more than 3,900 car spaces. The shopping centre was originally opened in 1970 and has had numerous extensions/ redevelopments with the most recent being the completion of the third level in 1998. It enjoys excellent public transport linkages, housing the main bus interchange south-west of the Brisbane CBD, and is within 300 metres of the nearest railway station. Each boundary of the property has road frontage providing direct vehicular access to three levels of the Centre. |