Chalmers Properties owns the Lessor's interest in 55 perpetually renewable ground leases over a land area of 36.8ha. This area is referred to as the Southern Precinct. The ground leases typically have 7 yearly rent reviews.
The Southern Precinct is located just south of the CBD. The ground leases are contained within the area bound by Timaru Street, Portsmouth Drive, Strathallan Street and Portobello Road shown outlined in black on the map below.
The land is zoned industrial.