Cbus Property is selling Langston Village, a metropolitan neighbourhood convenience and dining destination located in Epping, just 16 kilometres from the Sydney CBD.

JLL’s Nick Willis, David Mahood, and Sebastian Fahey have been exclusively appointed to sell Langston Village neighbourhood convenience centre at 12-22 Langston Place via an expressions of interest campaign closing Thursday, 1 August 2024.

Opened in April 2022, the neighbourhood convenience centre forms part of the award-winning mixed-use development, The Langston Epping, which comprises 462 apartments across three residential towers.

Sebastian Fahey, Executive at JLL Retail Investments - NSW, said, "Cbus Property is one of Australia’s leading integrated property investors and developers and has set a new benchmark for mixed-use development across Australia. Langston Village has become the focal point of Epping, being walking distance from the train station and defining itself as a premier retail destination."

With 2,254 square metres of gross leasable area (GLA), Langston Village neighbourhood convenience centre provides local residents and the broader community with a diverse offering anchored by Mint Fresh IGA, on a seven-year lease with options until 2044. The major offering is further complemented by Team Bros Fitness Club and nine bespoke food and service-based specialty tenants, with a combined weighted average lease expiry (WALE) of 5.3 years.1 

The Langston Epping mixed-use precinct sets a new standard of living, having been awarded the Urban Taskforce Australia's High-Density Residential Development City Award in 2023 and has recently been shortlisted as a finalist for the Development of the Year - High-Density Residential category in The Urban Developer Awards for Industry Excellence 2024.

A vital piece of social infrastructure, Langston Village services a fast-growing trade area, with a total of 1,885 dwellings either proposed or under construction in the centre's main trade area.2 The centre also benefits from being within walking distance to Epping train station, one of metropolitan Sydney's busiest stations, with 7.18 million passenger movements recorded for the year ending February 2024.3 

David Mahood, Executive at JLL Retail Investments - NSW, said, "Langston Village neighbourhood convenience centre is a dynamic and inclusive hub for both the growing number of local residents and the wider community. What sets Langston Village apart from other retail offerings is its proximity to Epping train station. Combined with the centre's strategic location, Langston Village is positioned to capitalise on Epping's growing population, underpinning the centre's long-term performance.

“We have seen a real shift in investor demand towards these convenience-based assets given their attractive investment fundamentals. The difficulty in this sub-sector is the availability of quality centres, with on-market opportunities in New South Wales estimated to be down 72 per cent below historical five-year volumes. We expect Langston Village to be highly sought after by investors, as the offering presents the opportunity to acquire a trophy generational asset.”

Expressions of interest for Langston Village close on Thursday, 1 August 2024

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