Exceed Capital FS Property Trust

Institutional-Grade, Freshly De-Risked

26 Flinders St, Adleaide underwent a comprehensive $10.7 million refurbishment completed in 2025, repositioning it as an institutional-grade CBD office tower. Investors are acquiring a repositioned asset with the capital works already complete, not funding a future turnaround.

Diversified, High-Quality Income

The Property is 91% leased across 24 tenants including Samsung Electronics, BlueScope Steel, Sealink/Kelsian and Employers Mutual Management and more. This diversification spreads income risk across sectors and covenants, rather than relying on one or two major leases.

Proven Tenant Retention

Over 50% of tenants are already in their second or third lease term, a retention rate well above the Adelaide CBD average. This reflects genuine tenant satisfaction with the building and its location, not just point-in-time occupancy.

Positioned in a Structural Growth Corridor

Net absorption in Adelaide's modern core corridor has reached up to five times the 10-year average, driven by expanding defence, technology, healthcare, constructure, education and resources sectors. This demand is structural rather than cyclical, anchoring long-term tenant appetite for quality office space.

Strong Parking and Amenity Fundamentals

68 secure basement car spaces at a 1:150 sqm ratio make this one of the strongest parking offerings in the Adelaide CBD. Combined with efficient 700 sqm floorplates, the building is well suited to both established and growing tenant requirements.

Future-Proofed Sustainability Profile

The Property holds a 4-Star NABERS Energy Rating. This trajectory positions the asset ahead of tightening ESG expectations from tenants and capital markets alike.

South Australia continues to outperform nationally, supported by one of Australia’s fastest growing economies, strong population growth and sustained investment across defence, healthcare, education, construction and critical infrastructure. These structural growth drivers are underpinning resilient occupier demand, while constrained new office supply and improving market fundamentals position Adelaide CBD for long-term rental growth and capital appreciation, reinforcing its appeal as one of Australia’s most compelling office investment markets.

• LOWEST RISK IN AUSTRALIA FOR ECONOMIC, TRADE, & ENERGY
• 86,000 NEW JOBS OVER THE NEXT 5 YEARS (2.1% ANNUAL GROWTH)
• ECONOMY UNDERPINNED BY HEALTHCARE, CONSTRUCTION, AND EDUCATION
• HIGHEST EMPLOYMENT GROWTH ACROSS AUSTRALIA’S CAPITAL CITIES BEST CITY
• POSITIONED TO DEAL WITH GLOBAL & ENERGY UNCERTAINTIES

We aim to provide a cost-effective and streamlined onboarding process for all our investors. Want to invest with us? Here's what the journey looks like.

Exceed Capital is a trusted Australian investment manager specialising in commercial property funds that deliver consistent, high-performing returns. With a proven track record and a focus on transparency, alignment, and performance, we provide secure, high-quality investments designed to grow wealth collectively for our Investors.

The minimum investment amount is outlined in the Information Memorandum for each trust. Typically, this is $100,000.

There is no strict maximum investment amount, but large investors need to be aware of the managed investment trust (MIT) rules. To qualify as an MIT, a trust must be widely held (at least 50 investors) and cannot be closely held (where a small group holds too many units). If a single investor or a small group exceeds ownership limits, it may impact the trust’s tax treatment, potentially removing capital gains tax(CGT) discounts.

‍For more details on investment structuring, we recommend consulting with our team.

If you have further questions, feel free to contact us directly at (07) 3373 0233 or enquiry@exceedcapital.com.au for more information.

The opportunity is structured around a 5-year investment term, with the potential for additional income or capital uplift over that period.

Exceed Capital is a privately owned, Brisbane-based fund manager. We differentiate ourselves by aligning our interests with those of our investors through our fee structure and investment philosophy:

• Fee Alignment: Our fees are based on a percentage of gross income rather than assets under management. This means that if a tenancy is lost and investor returns decrease, our fees also decrease—unlike traditional industry models where fees remain the same.
• Transparency & Accessibility: Our Managing Director is directly accessible to investors via mobile, ensuring clear communication and direct access to decision-makers.
• Selective Asset Acquisition: We invest in assets we genuinely believe in, rather than acquiring properties solely for shareholder profits.
• Personal Investment Commitment: Our team and their families invest in every trust alongside our investors, reinforcing our commitment to performance and alignment of interests.
• High Occupancy Rates: Our fee structure incentivises us to maintain high occupancy rates, which benefits all investors. Currently, we maintain a vacancy rate of less than 1.8% across our portfolio.

No. Exceed Capital’s investments are generally illiquid, meaning there is no secondary market on a stock exchange for units. Property investments require a medium to long-term commitment due to significant upfront transaction costs. For our closed-ended trusts, investors should expect to remain invested for the duration of the trust term, typically around five years.

‍For The Collective, our diversified open-ended fund, a managed redemption facility is available after an initial minimum investment period of two years. This liquidity option is subject to fund conditions and availability, and is not guaranteed.