Stonebridge Property Group, in conjunction with JLL, is pleased to announce the sale of Smithfield Shopping Centre, Cairns QLD for $138 million. Smithfield Shopping Centre is a dominant sub-regional centre anchored by Woolworths, Coles, Kmart and Event Cinemas.

The largest shopping centre north of Cairns attracted interest from a mix of institutional, syndicator and private capital buyers, confirming strong demand for high-performing assets.

Selling agent Stonebridge National Partner, Carl Molony said

“The weight of capital for this non-metropolitan located sub-regional is highly encouraging. Syndicates and private capital are highly active in the $100m+ price bracket, which is resulting in strong bidding and competitive EOI processes.”

For further information please contact the Stonebridge team.

Carl Molony | +61 439 032 028

Philip Gartland | +61 403 582 324

Jonathan Fox | +61 402 147 780

Justin Dowers | +61 438 098 805