Costi Cohen has secured this Woolworths anchored neighbourhood shopping centre on behalf of our client, comprising a 9,596sqm land-rich holding within one of South East Queensland’s fastest growing corridors. Acquired off market and well below replacement cost, the asset presents significant repositioning and rental uplift potential.

Strategically located within the Moreton Bay growth corridor, approximately 25 kilometres north of the Brisbane CBD, the broader precinct is forecast to deliver approximately 6,000 ongoing jobs by 2036 further supported by the nearby University campus, Petrie Station and major transport connectivity all key drivers of ongoing economic and demographic growth.

The proposed strategy centres around a major refurbishment and redevelopment program designed to retain Woolworths as the long-term anchor tenant, while enhancing the Centre’s presentation, tenancy mix and income profile. Land-rich retail centres of this scale, with genuine redevelopment upside and non-discretionary income fundamentals, remain tightly held and rarely transact off market.