91KW Investment Trust

ICAM acquired a 50% freehold interest in 91 King William, 89 King William and 16 Anster Street in November 2016 from its now co-owners, Abacus Group.

Gross Asset Value
$ 0 M

(50% stake)

Target Income Yield
0 %

(Distributions are currently being reinvested into the asset to fund tenant incentives for new leasing deals)

Target IRR
0 %+

(excluding development return)

91 King William (91 KW) has long been considered the trophy asset in Adelaide, holding a prestigious position in the heart of the Adelaide CBD. The 31-storey tower is among the tallest and most recognisable buildings on the city’s skyline and enjoys 360-degree views of the CBD, the coastline and the Adelaide hills.

Our A-grade office tower is currently occupied by blue-chip tenants such as the RAA, Commonwealth Government of Australia, Knight Frank, TeamViewer, Mercer, AECOM, Crestone, Shaw and Partner Chartered Accountants Australia and New Zealand, Property Council of Australia and more.

Investment Highlights

A-Grade commercial office tower with a premier King William Street address in the heart of the Adelaide CBD 

3.23-year WALE

92% Occupancy

4.5 Star NABERS energy rating with pathway to 5 Star

Two satellite sites on our expansive CBD footprint provide opportunity for development upside