Town Square Redbank Plains Shopping Centre

The key investment highlights of this opportunity include:

·        Rare triple supermarket anchored sub-regional shopping centre featuring Woolworths, Coles, Aldi, and Target plus 4 mini-majors, 54 specialty shops, 5 kiosks & 8 external/pad sites

·        Expansive and accessible 6.5 ha* site located 31km* south of Brisbane CBD in the heart of Redbank Plains

·        Secure cashflow with convenience and everyday needs retailers comprising 84%* of passing gross rent, including a 14%* weighting to medical & health services

·        Guaranteed rental growth with 80%* of leased specialty income tied to CPI, 3% or greater fixed annual increases

·        Attractive WALE of 5.1 years* by area and low major to specialty ratio with 15 shops¹ per 1 major

• Strong trading store with specialty sales productivity is 16% higher than the sub-regional benchmark² and paying percentage rent
• High growth catchment of 134,853 people in the main trade area, growing at 3.4% per annum to 2046 (vs SE QLD avg of 1.6%)¹
• Long term upside with retail growth forecast to rise 6.1% per annum, reaching $7.0 billion by 2046¹

·        Multiple value-add opportunities, including pad site sell-down and strong rental uplift potential

·        Estimated fully leased net income of $11.15 million* per annum

Financials forecast as at 31-Mar-25; MAT as at 31-Dec-24

* Approximate

¹  Mini-majors and specialty shops per major

² Location iQ

³ Urbis benchmark for sub-regional shopping centres

Town Square Redbank Plains is offered as part of the Australian Retail Convenience Portfolio, available for sale via Expressions of Interest closing Thursday 27th March 2025.

For further information or to arrange an inspection, please contact the exclusive selling agents.