Brickworks Centre sells for $137.5 million

Stonebridge is pleased to announce the sale of the Brickworks Centre, Gold Coast for $137.5 million to the AMP Capital’s unlisted Wholesale Australian Property Fund.

The Brickworks Centre is located in the Gold Coast’s central business district of Southport, approximately 3km northwest of Surfers Paradise.

The Centre is a progressive shopping, dining and lifestyle destination which incorporates the iconic Ferry Road Markets. Key tenants include Freedom Australia, TK Maxx, King Furniture and Chemist Warehouse. The centre’s offer is bolstered by a range of complementary retail services including  beauticians, hairdressers, a dry cleaner, a medical centre, dentist and a gym. In all, there are over 50 tenants.

Stonebridge Director, Jonathan Fox said “Southport is a transforming location, with an exceptional population growth outlook that is expected to be driven by increasing density and accelerated infrastructure investment in preparation for the 2018 Commonwealth Games. The Brickworks Centre is a unique centre that has adapted to the changing consumer environment and is perfectly positioned to leverage of Southport’s growth”.

The transaction was negotiated off-market by Stonebridge and follows the off-market sale of Marketown Newcastle by Stonebridge for $163.25 million in July 2017.

Latest news

November 2020
Central Coburg Townhouse development site for sale
A 5,088sqm permit approved site for 36 townhouses is for sale in the heart of Coburg and within the Pentridge Prison redevelopment precinct. Stonebridge Property...
Read More
November 2020
Fawkner offers prime asset to yield hungry market
– BP Westernport Service Centre returning $1.048m pa – Melbourne based property funds manager Fawkner Property has put its BP Westernport Service Centre in Cranbourne...
Read More
November 2020
Troon Group‘s Ballarat Lifestyle Centre on the Market
Ballarat’s Troon Group has listed its brand new Ballarat Lifestyle Centre as the Large Format Retail sector enjoys relatively good times on the back of...
Read More
October 2020
Woolworths Torquay Central to fill major investment demand / supply imbalance
Stonebridge Property Group’s listing of the standalone Woolworths Torquay Central supermarket will test the market for a product that has long been an investor favourite,...
Read More
October 2020
Stonebridge negotiates $150 million Glenmore Park Town Centre sale
Stonebridge Property Group has negotiated the single largest neighborhood centre transaction in 2020 with HomeCo’s $150 million purchase of the Glenmore Park Town Centre. Located...
Read More
September 2020
Stonebridge Property Group launch National Asia Practice Platform
Pandemic drives slowdown in private off-shore Asian investors, whist Domestic Asian investors remain active The COVID-19 pandemic has driven a fall in private off-shore Asian...
Read More
September 2020
Stonebridge to merge with new Melbourne agency
Leading Sydney based commercial real estate group, Stonebridge Property Group, will open a Melbourne office this month, following a merger with a group of Melbourne’s...
Read More
June 2020
Iconic neighbourhood centre sells for $47 million
Shopping centre in Newcastle transacts for $47 million as demand for neighbourhood centres hold firm Stonebridge Property Group’s Philip Gartland in conjunction with JLL’s Nick...
Read More
January 2020
Sold for $68 million – St Marys Village, NSW
Stonebridge Property Group, in conjunction with McVay Real Estate, is pleased to announce the sale of St Marys Village for $68 million. St Marys Village...
Read More
September 2019
The US shows there’s an upside to current retail shifts
There has been much gloom about Australia bricks and mortar retail recently, from the demise of the department and discount department store, to the closure of...
Read More