Woolworths Coomera East Shopping Centre sold on a fully leased  yield of 5.41%, located on a 1.75ha site with a development-approved pad for apartments, highlights  the ongoing demand for neighbourhood shopping centres in key metropolitan growth regions. The Centre was acquired by a Sydney-based private investor following a competitive Expressions of Interest campaign. 

The transaction, facilitated by the Colliers Retail Middle Markets team of James Wilson and Harry Dever,  attracted substantial investor interest, reflecting the strength of demand for well-located retail assets in  expanding growth corridors.  

Colliers Head of Retail Middle Markets James Wilson said “The Woolworths Coomera East Shopping Centre  campaign generated exceptional levels of interest, attracted over 150 enquiries, with $180 million in  unsatisfied capital, reflecting growing investor appetite for the Neighbourhood Shopping Centre sector.” 

“Colliers Retail Middle Markets' national platform extracted offers from local, interstate, and offshore private  capital, ultimately a first time shopping centre investor from Sydney secured the centre.” 

Woolworths Coomera East Shopping Centre, built in 2016, is anchored by a 15-year lease to  Woolworths, extending through options to 2076. The centre includes eight specialty retailers and  benefits from a DA-approved pad site for a six-level residential apartment. 

Retail spending in the centre’s trade area is currently estimated at $290.7 million, with projections  indicating it will reach $624.1 million by 2036, demonstrating an annual growth rate of 5.6%. 

Colliers Retail Middle Markets Associate Director Harry Dever said “As only the second Woolworths  anchored shopping centre to be publicly marketed in Queensland in 2024, this was an opportunity for  investors to deploy pent-up capital into a secure investment where income was underpinned by inflationary  resilient tenants. 

“The activity we saw during the campaign was unwavering, with over 50 groups active in the dataroom. From  the offers we received, 50 per cent of bids were from offshore capital and 83 per cent from private investors  who continue to be the most aggressive capital in the neighbourhood space.”

The Centre's location in the Brisbane - Gold Coast Growth Corridor offers strong growth prospects,  supported by $18 billion in public and private infrastructure investment, including the Coomera  Connector (stage 1), New Coomera Hospital, and Gold Coast Airport Upgrade. The City of Gold Coast is expected to grow from 635,000 residents to over 940,000 by 2041, further strengthening the centre’s  long-term value.

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