Sydney’s Eastern Creek Quarter for sale at circa $400m

Eastern Creek Quarter (ECQ), a newly completed $400 million retail precinct in Western Sydney, will be put up for sale next month.

Located 41km west of the Sydney CBD, ECQ comprises 40,863sqm of GLA, with 91 per cent of the space secured by national retailers, complemented by 1942 car spaces.

Frasers Property Australia developed the asset across three stages. Stage 1, completed in 2020, featured ECQ Shopping Centre, anchored by a full-line Woolworths and supported by dining and everyday retail.

Stage 2 saw the completion of ECQ XL in 2022, comprising more than 11,000 sqm of large-format retail. 

Stage 3 concluded in late March with the opening of ECQ Outlet, Western Sydney’s first dedicated outlet centre, featuring over 100 brands and 18 dining destinations. Confirmed outlet retailers include Asics, Adidas, Puma, Calvin Klein, Tommy Hilfiger, Country Road, Levi’s, New Balance, Oroton and 2XU. 

ECQ occupies a 15.4ha landholding at the intersection of the Great Western Highway and the M7 Motorway. It serves a rapidly expanding trade area of 1.2 million residents, forecast to grow to 1.5 million by 2041, supported by total retail spend of $16.4 billion, projected to reach $20.4 billion by 2036.

The asset also offers a concept-approved 10,000 sqm outlet expansion opportunity.

Felicity Armstrong, GM retail investments at Frasers Property Australia, said ECQ seamlessly integrated everyday convenience shopping with a thriving large format offer and was Western Sydney’s first outlet retail concept to create a uniquely compelling retail proposition.

“With ECQ Outlet now open and making an immediate mark with an overwhelming customer response, this diverse and comprehensive retail destination is complete,” she added.

Armstrong noted that the precinct had a carefully curated tenant mix, offered a complete shopping and dining experience in one place, and made the most of its prime location.

ECQ is being offered to the market via CBRE’s Simon Rooney and James Douglas, and JLL’s Sam Hatcher and Nick Willis.

“Opportunities to acquire a 100 per cent interest in a Sydney-based retail precinct of this scale, quality and configuration are exceptionally rare,” said Rooney. “ECQ combines strong income security, modern design and significant future upside in a growth corridor that continues to outperform national averages.”

The international expressions of interest campaign will commence in May.