Centurion JV to buy six land parcels in Australia for $22.3m

200 North Terrace will redevelop the site to a mixed-used accommodation property.

Centurion Corporation Limited’s joint venture company, 200 North Terrace Pty Ltd,is buying six parcels of land in Adelaide, South Australia, for $22.3m (A$25m).

The property has a land size of approximately 3,300 square meters. 200 North Terrace plans to develop it into a mixed-use accommodation-led development, including a purpose-built student accommodation.

The property covers 199-200 North Terrace and 12-20 Gawler Place, along with the building, plant, equipment and other assets on the site.

Centurion described the site as being in Adelaide's retail, cultural and education precinct, linking Rundle Mall with the city's leading universities, cultural institutions, public transport and visitor amenities.

The sale is scheduled to be completed on 24 December and no later than 31 March 2027.

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