Thursday, 11 March 2010. 7:35 AM SST -- (11:35 PM GMT)  
Frasers Commercial Trust
Caroline Chisholm Centre, Canberra Australia
Frasers Commercial Trust
Caroline Chisholm Centre Print this page Print this page

Caroline Chisholm Centre is a new, contemporary designed five-storey Grade A office complex. The property is located within the core of the Tuggeranong Town Centre, one of four town centres within the city of Canberra, Australia’s capital city and the location of the Federal Parliament House.

Caroline Chisholm Centre, Canberra

FCOT acquired a 50.0% indirect interest in the property for A$108.75 million (S$136.3 million)[*] on 18 June 2007. The property is fully leased to the Commonwealth Government of Australia represented by Centrelink. The initial term is for 18 years commencing 5 July 2007 with 3% annual rental increments per annum.

[*] Based on an exchange rate of S$1.00 = A$1.2533 being the rate at the time of acquisition.

Key Property Statistics
As at 30 September 2008
Address

Block 4 Section 13, Tuggeranong ACT 2900

Tenure

Leasehold 99 years commencing June 2002

Net Lettable Area (NLA)

215,278 sq ft (20,000 sqm)

Car Spaces

1,093

Date Refurbishment Completed

June 2007

Occupancy Rate

100.0%

WALE by income

16.8 years

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