Consolidated Properties have confirmed the sale of Coles Moggil Village to SCA Property Group for $54.5m.The Centre sits on 2.22 hectares at 3366 Moggill Rd, about 17kms south west of the Brisbane CBD, and contains 6,183 sqm of retail space, with 17 specialty stores and a 3,565 sqm Coles.The property was developed by Consolidated Properties Group for about $45 million with finance from Newground Capital.Opened in June 2021, the asset provided a strong 9.6-year WALE with Coles paying percentage rent from year one.The deal with Consolidated Properties reflects a 4.95% fully let yield.JLL’sSam HatcherandNick Willisrepresented Consolidated Properties Group.Kieran Cox, Head of Retail for CPG, said “the transaction reflected a sub 5% yield and settled just prior to Christmas. The property was offered on an off-market basis to a select group of buyers, with many competitive bids received. The process and the result reflects the significant investor appetite for Neighbourhood Shopping Centres in Australia. They are a fortified asset class and continue to trade strongly through any market conditions.”The sale continues to demonstrate strong support for Neighbourhood Shopping Centre. In the late 2021, 3 other Queensland Centres were sold including Coolum Park Shopping Centre for $32.5m (4.6%), Stockland Townsville for $47.25m (5.5%) and Fernvale Village $35m (5.25%). In December SCA also concluded a sell down of a $284m portfolio of 7 Neighbourhood Centres to GIC / SCA JV Fund, also reflecting a 4.75% yield.Moggill RoadPrevious ArticleNext Article
The Centre sits on 2.22 hectares at 3366 Moggill Rd, about 17kms south west of the Brisbane CBD, and contains 6,183 sqm of retail space, with 17 specialty stores and a 3,565 sqm Coles.The property was developed by Consolidated Properties Group for about $45 million with finance from Newground Capital.Opened in June 2021, the asset provided a strong 9.6-year WALE with Coles paying percentage rent from year one.The deal with Consolidated Properties reflects a 4.95% fully let yield.JLL’sSam HatcherandNick Willisrepresented Consolidated Properties Group.Kieran Cox, Head of Retail for CPG, said “the transaction reflected a sub 5% yield and settled just prior to Christmas. The property was offered on an off-market basis to a select group of buyers, with many competitive bids received. The process and the result reflects the significant investor appetite for Neighbourhood Shopping Centres in Australia. They are a fortified asset class and continue to trade strongly through any market conditions.”The sale continues to demonstrate strong support for Neighbourhood Shopping Centre. In the late 2021, 3 other Queensland Centres were sold including Coolum Park Shopping Centre for $32.5m (4.6%), Stockland Townsville for $47.25m (5.5%) and Fernvale Village $35m (5.25%). In December SCA also concluded a sell down of a $284m portfolio of 7 Neighbourhood Centres to GIC / SCA JV Fund, also reflecting a 4.75% yield.Moggill RoadPrevious ArticleNext Article
The property was developed by Consolidated Properties Group for about $45 million with finance from Newground Capital.Opened in June 2021, the asset provided a strong 9.6-year WALE with Coles paying percentage rent from year one.The deal with Consolidated Properties reflects a 4.95% fully let yield.JLL’sSam HatcherandNick Willisrepresented Consolidated Properties Group.Kieran Cox, Head of Retail for CPG, said “the transaction reflected a sub 5% yield and settled just prior to Christmas. The property was offered on an off-market basis to a select group of buyers, with many competitive bids received. The process and the result reflects the significant investor appetite for Neighbourhood Shopping Centres in Australia. They are a fortified asset class and continue to trade strongly through any market conditions.”The sale continues to demonstrate strong support for Neighbourhood Shopping Centre. In the late 2021, 3 other Queensland Centres were sold including Coolum Park Shopping Centre for $32.5m (4.6%), Stockland Townsville for $47.25m (5.5%) and Fernvale Village $35m (5.25%). In December SCA also concluded a sell down of a $284m portfolio of 7 Neighbourhood Centres to GIC / SCA JV Fund, also reflecting a 4.75% yield.Moggill RoadPrevious ArticleNext Article
Opened in June 2021, the asset provided a strong 9.6-year WALE with Coles paying percentage rent from year one.The deal with Consolidated Properties reflects a 4.95% fully let yield.JLL’sSam HatcherandNick Willisrepresented Consolidated Properties Group.Kieran Cox, Head of Retail for CPG, said “the transaction reflected a sub 5% yield and settled just prior to Christmas. The property was offered on an off-market basis to a select group of buyers, with many competitive bids received. The process and the result reflects the significant investor appetite for Neighbourhood Shopping Centres in Australia. They are a fortified asset class and continue to trade strongly through any market conditions.”The sale continues to demonstrate strong support for Neighbourhood Shopping Centre. In the late 2021, 3 other Queensland Centres were sold including Coolum Park Shopping Centre for $32.5m (4.6%), Stockland Townsville for $47.25m (5.5%) and Fernvale Village $35m (5.25%). In December SCA also concluded a sell down of a $284m portfolio of 7 Neighbourhood Centres to GIC / SCA JV Fund, also reflecting a 4.75% yield.Moggill RoadPrevious ArticleNext Article
The deal with Consolidated Properties reflects a 4.95% fully let yield.JLL’sSam HatcherandNick Willisrepresented Consolidated Properties Group.Kieran Cox, Head of Retail for CPG, said “the transaction reflected a sub 5% yield and settled just prior to Christmas. The property was offered on an off-market basis to a select group of buyers, with many competitive bids received. The process and the result reflects the significant investor appetite for Neighbourhood Shopping Centres in Australia. They are a fortified asset class and continue to trade strongly through any market conditions.”The sale continues to demonstrate strong support for Neighbourhood Shopping Centre. In the late 2021, 3 other Queensland Centres were sold including Coolum Park Shopping Centre for $32.5m (4.6%), Stockland Townsville for $47.25m (5.5%) and Fernvale Village $35m (5.25%). In December SCA also concluded a sell down of a $284m portfolio of 7 Neighbourhood Centres to GIC / SCA JV Fund, also reflecting a 4.75% yield.Moggill RoadPrevious ArticleNext Article
JLL’sSam HatcherandNick Willisrepresented Consolidated Properties Group.Kieran Cox, Head of Retail for CPG, said “the transaction reflected a sub 5% yield and settled just prior to Christmas. The property was offered on an off-market basis to a select group of buyers, with many competitive bids received. The process and the result reflects the significant investor appetite for Neighbourhood Shopping Centres in Australia. They are a fortified asset class and continue to trade strongly through any market conditions.”The sale continues to demonstrate strong support for Neighbourhood Shopping Centre. In the late 2021, 3 other Queensland Centres were sold including Coolum Park Shopping Centre for $32.5m (4.6%), Stockland Townsville for $47.25m (5.5%) and Fernvale Village $35m (5.25%). In December SCA also concluded a sell down of a $284m portfolio of 7 Neighbourhood Centres to GIC / SCA JV Fund, also reflecting a 4.75% yield.Moggill RoadPrevious ArticleNext Article
Kieran Cox, Head of Retail for CPG, said “the transaction reflected a sub 5% yield and settled just prior to Christmas. The property was offered on an off-market basis to a select group of buyers, with many competitive bids received. The process and the result reflects the significant investor appetite for Neighbourhood Shopping Centres in Australia. They are a fortified asset class and continue to trade strongly through any market conditions.”The sale continues to demonstrate strong support for Neighbourhood Shopping Centre. In the late 2021, 3 other Queensland Centres were sold including Coolum Park Shopping Centre for $32.5m (4.6%), Stockland Townsville for $47.25m (5.5%) and Fernvale Village $35m (5.25%). In December SCA also concluded a sell down of a $284m portfolio of 7 Neighbourhood Centres to GIC / SCA JV Fund, also reflecting a 4.75% yield.Moggill RoadPrevious ArticleNext Article
The sale continues to demonstrate strong support for Neighbourhood Shopping Centre. In the late 2021, 3 other Queensland Centres were sold including Coolum Park Shopping Centre for $32.5m (4.6%), Stockland Townsville for $47.25m (5.5%) and Fernvale Village $35m (5.25%). In December SCA also concluded a sell down of a $284m portfolio of 7 Neighbourhood Centres to GIC / SCA JV Fund, also reflecting a 4.75% yield.Moggill RoadPrevious ArticleNext Article
