Stonebridge Property Group, in conjunction with JLL, is pleased to announce the sale of Willows Shopping Centre in Townsville for $212 million. The asset was acquired by Fawkner Property from the Dexus Wholesale Property Fund (DWPF). The sale follows a formal off-market campaign that received strong national investor interest, resulting in the largest retail transaction to occur year-to-date in Queensland.

Willows Shopping Centre is the one of the top performing shopping centres in Townsville and the only triple-supermarket anchored centre in Northern Queensland, comprising over 44,500 sqm and generating approximately $360 million in Moving Annual Turnover.

The centre is anchored by major tenants Coles, Woolworths, Big W, alongside Townsville’s very first ALDI, and further supported by other national operators including Rebel, TK Maxx, JB-Hi-Fi and 107 specialty shops.

The sale included a separate 4.42 ha development site positioned in proximity to the centre.

For further information, please contact the Stonebridge team.

About Stonebridge

Stonebridge Property Group was founded in 2008 to provide Australian property owners with exemplary partner-led commercial real estate sales, asset management and leasing services around the country. Stonebridge employs over 60 staff across Sydney, Melbourne and Brisbane offices.