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Penny Place – Adelaide’s Next Generation Commercial Office

Penny Place – Adelaide’s next generation commercial office floors offered for sale prior to construction.

JLL is appointed to sell an architecturally refined and centrally located commercial building in the Adelaide CBD, set to meet the ever-changing needs of businesses and their employees.

Penny Place comprises a six-level commercial office tower, incorporating ground floor retail, which is set to transform Adelaide’s legal precinct adjacent to the Federal Courts and a close walk to the new Calvary Hospital.   Proposed by national commercial, mixed use and residential developer, Flagship Group, the property will complete the master-planned precinct instigated by the award-winning Kodo residential tower and adjacent soon to be completed Penny Place Apartments. Penny Place will set a new benchmark in seamless floor by floor office accommodation in Adelaide.

Flagship Property Holdings’ Chief Executive Officer, Mark Jarman said “Penny Place Commercial is the final element to our vision for this precinct. We wanted to create a day and night- time experience for the benefit of all occupiers; residents and workers.”

JLL’s Head of Sales and Investments Roger Klem and Director, Jed Harley have been appointed to sell 13 Penny Place either on a floor-by-floor basis or the whole building in one line on behalf of Flagship with a targeted completion date in mid-2022.

Mr Klem said, “Penny Place will become a future-proof workplace where indoor and outdoor spaces seamlessly merge. Plaza tree canopy views and light-filled contemporary floor plans enhance a culture of productivity and individual enrichment.”

The five levels of office floor plates will range from about 440 sqm to 475 sqm, accommodating both single and multiple tenants. Each level can support an interactive team-focused work environment to meet the executive and social requirements of contemporary tenants.  Leasing enquiries are also encouraged.

Australia’s first 10Gbps fibre optic network is a revolutionary high-speed, high-performance fibre optic data network that is being rolled out to commercial buildings across the City of Adelaide, with approximately 700 buildings in the Adelaide CBD already connected, and 13 Penny Place will soon be added to the list upon its completion.  The network provides symmetrical 10Gbps data speeds, leading to improved productivity, operational efficiencies, and increased global competitiveness as a result. Each service in the Ten Gigabit Adelaide suite has its own, dedicated and uncontested connection, meaning businesses can access the same upload and download speeds via a clean, super-fast, low-latency connection.

Penny Place is located in heart of Adelaide’s legal precinct. The building is situated within walking distance of The Supreme Court of South Australia, The Federal Court of South Australia, Adelaide Magistrates Court, District Court, Coroners Court and the city’s best restaurants, cafes and bars.

 

Contact: Roger Klem

Phone: +61 423 919 373

Email:  roger.klem@ap.jll.com