Insights > Deals
Centurion agrees A$25 million Adelaide site purchase for student‑housing re‑development
30 September 2026 | Asset acquisition | Australia | TBC | Re-development
The city‑centre holding links Adelaide's university precinct with Rundle Mall, with completion of the purchase scheduled for December.
Key details
Asset type | Re‑development |
Location | Adelaide, Australia |
Capacity | Undisclosed |
Seller 1 | Andre Jean‑Marie Cointreau |
Seller 2 | Hedwige Marie Louise Cointreau |
Seller 3 | Andre Jean‑Marie Cointreau as trustee of the 199 North Terrace Trust |
Buyer | 200 North Terrace Pty Ltd (Centurion Corporation & Centurion Properties) |
Value | A$25 million |
200 North Terrace Pty Ltd, owned equally by Centurion Corporation and Centurion Properties, signed the sale contract on 30 September. The six‑parcel holding covers approximately 3,300 sq m at 199‑200 North Terrace and 12‑20 Gawler Place.
The proposed mixed‑use re‑development includes purpose‑built student accommodation and remains subject to planning and regulatory approvals. Completion is scheduled for 24 December 2026, with an agreed extension possible to 31 March 2027.
Strategic context
The agreement supports Centurion's stated objective of expanding its accommodation development footprint in Australia. Its proximity to Adelaide's universities offers a central location for student accommodation, although the student component and final development mix still depend on approvals.
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