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Credit Suisse markets tower in Adelaide, Australia, for A$150M

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Credit Suisse markets tower in Adelaide, Australia, for A$150M

Credit Suisse Group AG is selling the tower at 25 Grenfell St. in the central business district of Adelaide, Australia, The Australian Financial Review reported.

The building is expected to fetch up to A$150 million, according to the publication. The Swiss investment management house acquired the property in 2016 from GDI Property Group for A$125 million.

JLL, which is marketing the asset, is also among the building's tenants, the March 11 report added.

25 Grenfell has 23 levels and a net lettable area of about 25,285 square meters, according to its website.