The Capital Food Markets in Belconnen has been offered for sale, providing an opportunity for investors to acquire a dominant fresh-food and convenience retail destination in the ACT.
Located in the heart of the Belconnen Town Centre, the property occupies a prominent 13,270 sqm landholding.
Following a comprehensive redevelopment completed in 2024, the 6743sqm retail hub features 217 basement car parks and institutional-grade construction.
Capital Food Markets is anchored by a recently refurbished Liquorland Warehouse and Tom’s Superfruit.
The income stream is supported by more than 40 specialty retailers and retail showrooms, with a heavy weighting toward essential services and non-discretionary spending.
“Capital Food Markets offers a unique blend of stable, essential-service income and strong exposure to Canberra’s growing Belconnen precinct,” said Matthew Winter, Colliers’ head of office capital markets and investment services at the ACT.
“Its combination of high-quality retail, embedded residential growth and consistent trade throughout the week delivers a resilient performance profile for investors seeking dependable returns,” said Winter.
The Belconnen precinct is currently experiencing rapid densification, with more than 1000 new residential apartments scheduled for delivery in the immediate vicinity over the next three years.
“The ACT economy continues to outperform other jurisdictions nationally, underpinned by high household incomes, low unemployment and the stability of the public-sector workforce,” said Paul Powderly, national director of valuation and advisory, Canberra.
“These fundamentals create a resilient retail environment, particularly for convenience-based and non-discretionary assets. With limited new retail supply and sustained population growth across key precincts such as Belconnen, well-positioned assets like Capital Food Markets are attracting strong institutional and private investor interest.”
Colliers’ James Wilson, Matthew Winter, and Paul Powderly are leading the expressions of interest campaign for a 100 per cent interest in the asset.
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