A portfolio of six key neighbourhood shopping centres across South East Queensland has been brought to market, offering investors institutional-scale exposure to one of Australia’s most tightly held retail sectors.
The portfolio comprises high-traffic and strategically-located shopping centres, namely Great Western Super Centre in Keperra, Pavilions Palm Beach, Wilsonton Shopping & Lifestyle Centre in Toowoomba, Arndale Shopping Centre in Springwood, Yeerongpilly Green Riverside Village, and Karalee Shopping Centre.
Anchored by leading national supermarket chains including Woolworths, Coles and Aldi, the portfolio is underpinned by essential services retail, resilient tenant demand and non-discretionary consumer spending patterns.
Occupancy rates sit at 97 per cent, supported by strong leasing performance, long-term tenant retention and a weighted average lease expiry of 5.1 years by area and 4.7 years by income.
The centres are supported by sustained population growth, constrained retail supply and ongoing infrastructure investment across South East Queensland.
The decision to bring the portfolio to market follows a period of active asset management, repositioning and development by Consolidated Properties Group (CPG) and CVS Lane Capital Partners (CVS Lane).
CPG CEO Don O’Rorke said the portfolio reflects a long-term strategy focused on creating high-quality neighbourhood retail assets designed to perform across economic cycles.
“These centres have been actively developed and enhanced over time to deliver consistently strong occupancy, resilient income streams, and high-quality tenant mixes anchored by essential retail. Our strategy has always been based around finding assets that offer strong refurbishment and development potential to hold for the long term,” O’Rorke added.
CVS Lane CEO Lee Centra said neighbourhood retail continues to demonstrate strong structural fundamentals and investor demand.
“We’ve taken a long-term approach to managing these assets, with a focus on delivering a reliable and growing source of income for our investors. The combination of high occupancy, long lease duration and embedded growth across the portfolio presents a compelling opportunity in a tightly held sector,” Centra added.
The portfolio is offered for sale either in a single line or on an individual asset basis, providing flexibility for a range of investment strategies.
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