5 CONSTITUTION AVENUE – CANBERRA - Artifex Property
Artifex are ‘end to end’ delivery real estate specialists, combining a creative management approach to provide innovative solutions for customers – this could be A grade ‘shiny’ institutional assets or turning unloved assets into aspirational spaces.
Artifex, real estate, A grade
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5 Constitution Avenue

1 – 5 CONSTITUTION AVENUE, CANBERRA PURCHASED OFF MARKET
ACQUISITION PRICE $62,000,0000
ACQUISITION DATE APRIL 2019
ARTIFEX ROLE INVESTMENT MANAGER

Strategy: Identify and negotiate off-market an undervalued asset which we purchased at circa $2,000/m2 NLA. Create a place making strategy for the 3 separate existing office buildings onsite and create a mixed use precinct that acts as a ribbon to near-by infrastructure including the Casino and Convention Centre.

 

The strategy is to buy an asset below replacement cost and deliver a high quality adaptive re-use and leasing outcome. Our partner is one of the strongest value add Singaporean funds. 5 Constitution is 12,047m2 with superior views to Parliament House and the Brindabella’s. It will be available in early 2022 after a full refurbishment including PCA A grade lifts. 4.5 star NABERS energy rating and best in class end of trip facilities.