• Purchased 2024
Acquired in December 2024 following an EOI process. Immediate value-add executed through new improved lease with Woolworths and the introduction of Chemist Warehouse as mini-major, achieving 100% occupancy.
West Auckland neighborhood center in an established catchment with strong daily-needs draw and excellent public transport connectivity. Anchored by Woolworths supermarket, McDonald’s drive-thru, Chemist Warehouse, Mobil service station, 2-level childcare, Medical Centre and specialty tenancies.
A modern thriving shopping centre, which uniquely links directly into the Kogarah Railway Station (with circa 8.3m commuters pa), one of the busiest in Sydney metro. Located in the heart of the rapidly improving Kogarah CBD.
Anchored by Woolworths and ALDI supermarkets, together with 23 predominantly; food and retail service specialities including Medical.
Ganellen Asset Plan:
• Re-Mix the specialty tenants: Including introducing national and medical tenants to replace discretionary uses
• Improved income: through the introduction of new GLA and improved operational management
• Mixed use master planning: Working with key stakeholders and consultants for progressing the future development of the Kogarah Town Centre. Proposed to include a fully transformed retail community offer and multiple high density residential and commercial buildings above.