Riverside Plaza, a convenience-based shopping centre in the Canberra-Queanbeyan corridor, has been offered for sale on behalf of Kyron Capital.
Located within the Queanbeyan CBD, the centre comprises approximately 21,660sqm of gross lettable area and is anchored by a Coles supermarket. The centre’s major and mini-major tenants generate over $80 million in turnover, and speciality tenants deliver moving annual turnover productivity of $9422/sqm.
Riverside Plaza is the primary enclosed retail centre in Queanbeyan and services a high-growth dual catchment of approximately 64,200 residents, which has benefitted from strong historical growth of 1.87 per cent per annum over the last four years.
The asset trades on metropolitan fundamentals, with two-thirds of the local workforce commuting daily into the Canberra CBD, while household incomes sit 24 per cent above the national average.
CBRE’s Simon Rooney, James Douglas and James Sherley, in conjunction with JLL’s Sam Hatcher and Nick Willis, are managing the expressions of interest campaign, which will close on November 5.
Rooney said investors are continuing to target shopping centres offering resilient income streams, strong underlying fundamentals and identifiable value-add opportunities.
“Limited new supply, tightening vacancy and continued retail sales growth are supporting investor confidence across the sector, particularly for well-located sub-regional shopping centres,” he said.
Willis added that capital is being redirected toward retail at an accelerating pace globally, with Australia leading the charge.
“Retail investment volumes in Australia reached a record in 2025 – the first time retail outsold both office and industrial sectors combined. This reflects a fundamental reassessment of retail’s resilience through economic volatility and its scarcity value in an environment where replacement is economically unviable.
“Institutional investors are deploying into sub-regional assets with increasing conviction, attracted by the blend of grocery-anchored stability and genuine rental growth potential. Riverside Plaza sits squarely in this institutional sweet spot,” Willis said.
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