Morayfield Village, a large-format retail centre in Moreton Bay, has been sold for $24.6 million to Sydney-based investor Gordon Corp.
The transaction was jointly managed by Harry Dever and James Wilson of Colliers, along with Ned McKendry and Jacob Swan of JLL.
Located at 177–189 Morayfield Road, the 6916sqm centre comprises a mix of large-format retail and convenience outlets.
It is anchored by major tenants including Repco, Mr Toys Toyworld and Choice The Discount Store, alongside eight other retailers.
Harry Dever, associate director of Queensland retail middle markets at Colliers, said investor appetite for quality retail assets in Southeast Queensland remains strong.
“This campaign drew exceptional buyer depth and strong competitive tension, with 250 enquiries, 13 offers and more than $285 million of active capital highlighting the sheer weight of investor demand chasing quality large-format retail assets,” he said.
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