Archives: Victorian Retail Investments

The CBRE Victorian Retail Investments team is a dedicated group of individuals with a pure specialisation in supermarket and shopping centre activity. With a wealth of experience and knowledge around retail trends, Shopping centre forecasts, rental rates, anticipated yield and offshore investment, our team has a wide variety of expertise to suit any needs related to shopping centres.

Since the inception in 2010, we have transacted 53 shopping centre transactions totally $1.5 billion worth of shopping centre activity.

20.06.2019

Darwin shop centre offers $7m income stream

Darwin based developer Gwelo Developments has put its Coles and Kmart anchored Coolalinga Central shopping centre to the market offering investors an estimated $7.17 million net  annual income fully leased. According to CBRE Director Retail Investments, Justin Dowers, who is managing the sale with Mark Wizel and Trent Weir, the near new Stuart Highway centre…

07.06.2019

Private investors active in sub $10m service station market

Private Melbourne-based development fund PE Capital has exchanged contracts on the final portion of its Amstel convenience retail development in the south eastern growth corridor of Cranbourne. The project incorporated a three lot subdivision with a total end value of circa $13 million. A 7-Eleven anchored service station, which sold this week, represented the final…

Dual Woolworths and ALDI-anchored Newcomb Central shopping centre listed for sale

In what has remained a tightly held sector, the Victorian neighbourhood shopping centre market is soon to be tested with the offering of Newcomb Central Shopping Centre in Geelong, Newcomb Central is a double supermarket anchored neighbourhood shopping centre of 8,727sqm, complemented by 24 predominantly non-discretionary specialty shops. The major tenants include Woolworths and ALDI…

20.05.2019

Victorian supermarket sector heats up with Coles Lalor set to go under the hammer

Coles Lalor in Melbourne’s northern corridor has been listed for sale – representing the first single tenanted Coles supermarket to be offered for sale in Victoria this year. Located within the Lalor Plaza Shopping Centre – on the corner of McKimmies and Darebin roads in Lalor – the 2,050sqm supermarket generates a net income of…

11.04.2019

Non-Discretionary Supermarkets Still in Demand from Domestic and International Investors

CBRE Victorian Freestanding Retail Investments have just transacted through auction the Supa IGA Supermarket in Ringwood East. Owned and run by the Corcoris family, the IGA supermarket was offered with a leaseback with a 10 year lease. The supermarket sold under the hammer for $7,340,000 on a yield of 5.4%, with multiple bidders bidding at…

19.03.2019

Curlewis SC/Woolworths on the market

The Woolworths anchored Curlewis Shopping Centre at Clifton Springs – one of the City of Geelong’s fastest growing areas – has been put on the market. Located on the Bellarine Peninsula, about 15 minutes from the Geelong CBD, the relatively new property opened in 2015 with Woolworths and BWS and has since added a medical…

05.03.2019

Standalone Woolworths Lara to test the market

The listing of the standalone Woolworths Lara supermarket will test the market for a product that has long been an investor favorite with their non-discretionary spend and long lease profiles to blue chip tenants. Located at 50 Centreway, the recently constructed , freestanding, 4195 square metre supermarket, sits on a generous 8804 square metre site…

19.02.2019

Generational Freehold supermarket Investment for sale in Ringwood East

The Freehold of A family-owned IGA supermarket in Ringwood East is up for auction after 42 years of ownership. Positioned on the corner of Railway Avenue and Wenwood Street, opposite the Ringwood East train station, the 2,000sqm freestanding supermarket is the anchor of the Ringwood East commercial and retail precinct, featuring a council car park…

05.02.2019

Coburg North Village listed on back of record retail year

The prized Coburg North Village shopping centre is on the market in the wake of a shopping centre investment spree in 2018 with sales in Victoria up 91 per cent, over 2017, to $1.82 billion.

The centre is the second Melbourne metropolitan shopping centre to be listed in as many weeks following that of Niddrie Central Shopping Centre last week.

The listing also follows Wesfarmers’ demerger of Coles – the brand holds the anchor lease within the centre – which has since announced a massive, circa $1 billion supply chain overhaul designed to lower costs and enhance business efficiencies.

Niddrie SC listed amidst shift to land rich assets

A Melbourne investor has listed the Niddrie Central Shopping Centre as developers and investors, including a particularly strong Asian cohort, drive a market shift towards income producing assets with development upside in the wake of a troubled residential apartment market.

CBRE National Director Retail Investments, Mark Wizel, who is managing the sale with Justin Dowers, said the land rich, 5112 square metre, Niddrie neighborhood centre, which is being offered for the first time, is anchored by a 3543 square metre Woolworths supermarket on close to 10,000 square metres of under-utilized Commercial 1 zoned land with a net annual income of $1.46 million.

31.01.2019

Private syndicate trades in $6m Jeep dealership

A Melbourne syndicate of private investors has divested its Jeep car dealership site in Caroline Springs, selling to a private investor from Ballarat for $6.05 million.

Boasting an annual net income of $501,000 per annum, the 2,091sqm strata site is currently leased to a local Jeep franchisee with five years remaining on the lease term.

29.01.2019

Niddrie Central and Coburg North Village to test retail property appetite

“[Niddrie Central] is just what investor/developers are looking for – a strongly performing supermarket-anchored centre in Melbourne’s middle suburbs that is going to provide a solid income stream on top of significant future development potential in an area with increasing demand for medium-density residential accommodation,” Mr Dowers said. “Yields for retail centres have tightened considerably…

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