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

May 2019
For Sale: Dominant LFR Centre in the heart of Western Sydney
Homemaker Prospect – A Dominant and Established Large Format Retail Centre on a substantial 6.5 hectare land holding in the Heart of The Greater Western...
Read More
April 2019
Stonebridge Appoints Neil Proudlove, Director of Property Management
Stonebridge Appoints Neil Proudlove, Director of Property Management Stonebridge Property Group has bolstered its retail Property Management team with the appointment of Neil Proudlove as...
Read More
April 2019
Canberra Retail Investment Market to Face Rare Test
Manuka Terrace Shopping Centre offered for sale – set to be the first neighbourhood retail transaction in the ACT since 2015. Stonebridge Property Group has...
Read More
March 2019
Crossroads Homemaker Centre sold for $140 million
AMP Capital Diversified Property Fund has sold Crossroads Homemaker Centre to Ashe Morgan for $140.0 million, highlighting continued demand for Sydney metropolitan retail assets. Located...
Read More
July 2019
19 Hectare site adjoining the new Western Sydney Airport for sale
Stonebridge Property Group, on behalf of the Court Appointed Administrator (Balance Insolvency), has been exclusively appointed to sell 275 Adams Road, Luddenham NSW (‘the Property’)...
Read More