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Property Summary Location:                                Adelaide CBD, SA Type:                                       1, 2, 3 bed Apartments Expected Completion:         Late 2009 Tenant Profile:                      Mainly professionals and overseas                                                   students

PROJECT DESCRIPTION

PROJECT FEATURES

• Unique pinwheel design gives each apartment excellent views in more than one direction.
• Rec Deck - Adelaide's first indoor glass bottom pool suspended high above the ground, outdoor pool, sauna, spa, squash court, bowling alley, taichi deck, zen garden, yoga studio, gymnasium, private dvd cinema, media centre, library, bar and lounge.
• Includes new Interstate bus terminal with 1300 new dwellings in total.
• Wireless internet throughout all.
• Ipod docking stations inside all apartments (enables tenant to play ipod through built in speakers)

INVESTMENT OUTLOOK

Capital Growth:              

• If trends in other capital cities is anything to go by, there should be strong capital growth in this area, with extensive government and private investment in quality infrastructure and developments in the CBD area.
• The early stages in any major urban renewal project traditionally reward investors who buy in earlier stages - before the vision and quality of a project is revealed.

Rental Return:    

•  5% p.a. gross approx 

 "X" FACTORS / KEY GROWTH DRIVERS

• $600 million City Central development
• $500 million Central West project which will include a new, state of the art, $26 million bus station
• $140 million Flinders Link office block

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