The dominant Newman Boulevard Shopping Centre has been listed for sale in the Northwest town of Newman, WA.  Newman was developed in the late 1960s to accommodate the booming Iron Ore extraction out of its Mount Whaleback mine site, which is the world’s largest open-pit Iron Ore mine.

Colliers State Chief Executive Western Australia, Richard Cash and Executive of Investment Services, Aidan Austen, have been appointed exclusively to undertake the sales and marketing campaign. The Centre is anchored by a Woolworths Supermarket which is additionally complemented by an array of specialty tenants predominantly focusing on providing everyday needs and services to the large catchment.

Mr Cash said “Newman Boulevard provides value driven retail investors the opportunity to secure a highly defensive asset, with the majority of the income backed by Woolworths and nationally recognised tenants providing both income security and annual growth.

“Following on from the recent high level of interest in the Coles Tom Price campaign, we are expecting significant investor interest in the opportunity, particularly given the strong return that Newman Boulevard will provide to prospective purchasers” Mr Austen said.

Newman Boulevard is offered For Sale via Expressions of Interest closing 2:00pm (AWST) Wednesday 15th May 2024.