Imperial Centre Gosford has been sold to a private Sydney investor for $62.75 million, marking the largest transaction of a non-metro NSW neighbourhood centre since 2021.
Located 200m from Gosford train station on a strategic 1.55ha CBD landholding, the neighbourhood shopping centre spans 16,769sqm across three levels.
The property is anchored by Woolworths and BWS and supported by 53 specialty tenants, six kiosks, 14 office suites, three mini majors and an ATM.
JLL’s Nick Willis, Sam Hatcher, David Mahood and Sebastian Fahey, in conjunction with Colliers’ James Wilson and Ben Wilkinson, conducted the sale on behalf of IP Generation. The Melbourne private equity firm acquired Imperial Centre Gosford, along with other properties in Lederer Group’s shopping centre portfolio, for $300 million in 2021.
According to JLL, the asset attracted seven bids in a competitive campaign, highlighting continued strength in non-metro located neighbourhood investments.
“With limited on-market supply and growing investor confidence, we’re seeing unprecedented demand for neighbourhood centres that offer scale, strong tenant covenants and strategic landholdings with development potential,” said Willis, who is executive director at JLL Australia & New Zealand.
Non-metro NSW neighbourhood centres have experienced significant yield compression since 2019, with private investors dominating acquisition activity as institutional capital focuses on larger metropolitan assets.
Analysis of recent transactions reveals that nearly 80 per cent of non-metro neighbourhood centre purchasers since 2023 have been private investors.
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