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Centuria Swoops on Landmark Adelaide Office Tower

South Australia’s premier CBD office property the latest addition to $4.7 billion portfolio

Centuria Capital Group (CNI) today announced that it exchanged unconditional contracts for the purchase of a 50% stake in the Bendigo & Adelaide Bank headquarters at 80 Grenfell Street, Adelaide, for $92.3 million. Acquisition of the $184.6 million office tower was made in partnership with Centuria’s capital partner, the Lederer Group, which will take up the remaining 50% stake in the property.

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