Stonebridge is pleased to present for sale at 50% interest in Cranbourne Park Shopping Centre, a major sub-regional shopping centre in the heart of Melbourne’s southeast growth corridor. Sitting atop a commanding 7.5ha* landholding, the Centre stands as Melbourne’s largest sub-regional centre in the outer southeast precinct**.

• A premier and strong performing Sub-Regional Shopping Centre (46,300sqm*) anchored by Coles, Kmart, Target and Harris Scarfe, with 91% weighting to national retailers^
• Highly robust and defensive income stream, underpinned by 96 specialty retailers with a sustainable occupancy cost of 13.5%^
• Institutionally managed by Vicinity Centres for 24 years, $113 million expansion, introducing the fi rst Target into the trade area & an additional 12,500sqm of retail space
• Unparalleled 7.5ha land holding in southeastern growth corridor, benefitting from a 2.5% p.a. population growth rate in the primary trade area (47% above the Greater Melbourne average)^^
• Total Centre moving annual turnover (MAT) at $323 million (incl. GST), major tenants contributing over 40% to total centre MAT^

A 50% interest is available for purchase via Expressions of Interest closing Wednesday 9th October 2024 at 4pm (AEDT).
 
* Approximately
** PCA Benchmarks, 2023
^ Financial Pack dated as at 30-Nov 2024, MAT as at 30-Jul 2024
^^LocationIQ, 2024

In conjunction with JLL