Adelaide Commercial Property News

A gorgeous boutique heritage hotel in the Adelaide CBD is on the market, with interested expected above $15 million. The Adabco Hotel, in the city’s east end, occupies a 19th century gothic-style building at 219-223 Wakefield …

Investors have snapped up a lucrative Adelaide shopping centre for $10.5 million as buyers continue to favour retail opportunities.

Listed developer Axiom Properties is selling its half-stake in the Churchill Centre North shopping centre in Adelaide’s northern suburbs for $42.5 million but will keep some exposure to the property.

The acquisitive Centuria Capital Group has edged ahead of West Australian funds manager Primewest in the race to secure the prime position to buy an Adelaide office tower that US group Blackstone is selling for about $190 million.

Brenton Griguol is hoping the luck of the Irish rubs off on him as he takes North Adelaide’s former The Daniel O’Connell Hotel in a bold new direction.

A $4 million factory overhaul and new warehousing facilities are part of an Adelaide company’s expansion that will see one of Australia’s most popular chocolate bars back in Australian hands.

Agents in South Australia say investors are already pinpointing the southern state as a major target for 2018, with more attractive yields on offer than what they can find on the eastern seaboard.

Pelligra Group has been named as the buyer of Holden’s former manufacturing site in Adelaide’s north but the Melbourne-based development company will not take control of the land until mid-2019 when decommissioning has been completed. 

The former General Motors Holden site in Adelaide is set to be transformed into one of Australia’s largest business hubs, after its purchase by the Pelligra Group.