Ropes Crossing Village
Anchor Tenant Coles
Location 8 Central Pl, Ropes Crossing NSW 2760
Total Land size (ha) 1.23
Sector Retail
Ropes Crossing Village

• Purchased 2014
• Sold Price 2019
• IRR 74.11%

Ganellen undertook a major expansion following our identification of missing retail uses and a desire to future proof the asset for an expansion to the Coles Supermarket.

The Centre at acquisition included 8 specialty independent retail uses with 2 vacancies. Through our active management it now has 18 tenants, including a 155 place childcare centre, large Any Time Fitness Gym, Dominos Pizza and a Medical offer.

Asset Plan:
- Replaced poor performing and presenting tenants with new national and food / service non-discretionary uses.
- Leased vacancies
- Delivered expansion to the current centre adding over 2,400sqm of GLA, and a Development Approval for 3 x high density residential buildings over the on graded car park, significantly exceeding the permissible height.

18 Specialty Tenants
5,743 Net Lettable Area (sqm)
208 Parking Spaces
Montague Street
Kiama Village