Find in the news:
BY COUNTRY

APPF Retail finalises sale of Cairns Central shopping center



The transaction is scheduled to be completed at the end of February 2024.
Снимок экрана 2023-12-18 в 17.29.39.jpg

The Australian fund Prime Property Fund Retail has successfully sold the Cairns Central shopping center located in northern Queensland to Fawkner Property for approximately $261.2 million (390 million Australian dollars). The transaction is scheduled to be completed at the end of February 2024.

According to a statement from Lendlease, the company managing APPF Retail, Cairns Central is the only regional shopping center in the Far North Queensland region. The property covers a total area of 51,972 square meters and hosts over 186 quality tenants. The location, diverse retail offerings, and promising growth projections made the property highly desirable for potential purchasers.

“The sale of Cairns Central is a strong result for APPF Retail investors, particularly in light of market conditions experienced throughout 2023. With the strategic divestment of this asset, APPF Retail will be able to close out the remaining redemption requests in the Fund, providing liquidity to those investors who requested it,” said Anne MacSporran, Fund Manager APPF Retail, Lendlease.

Cairns Central is the largest shopping center in Far North Queensland and has been servicing the local region since 1997.  In 2021 the center completed a $60 million redevelopment.  The redevelopment saw the introduction of a new Woolworths and ‘Food Hall’ precinct and a revitalised Myer bringing the latest concept store design and premium brands to Cairns and cementing Cairns Central’s position as the leading and the largest shopping center in Far North Queensland.

The center has a CBD location within walking distance of major tourist hot spots, such as the Esplanade Tourist Area, Cruise Ship Terminal as well major hotel chains. Cairns Central is a must visit destination for domestic and international tourists visiting the region.

The center is fully enclosed and offers an extensive range of stores and services. It has over 170 stores together with Myer, Kmart, Coles, Woolworths and Vmax screens at Event Cinemas.

More about shopping malls in Australia



Dec 25, 2023, United Kingdom:
Nestled in the historic heart of London and renowned for its Georgian-era architectural splendor.
Dec 25, 2023, USA:
The company emphasized that cost-cutting is a pivotal focus for its future endeavors.
Dec 22, 2023, United Kingdom:
The sports giant has joined a long list of international brands that will open their store doors at Trinity Leeds shopping center.
Dec 22, 2023, Austria:
The brand will present at iconic locations such as Cortina d'Ampezzo in Italy, Zermatt in Switzerland, and Hochzillertal-Kaltenbach in Austria.
Dec 21, 2023, USA:
Italian fashion house has sealed a deal to acquire the building housing its flagship store.
Dec 21, 2023, Mexico:
Luxury French fashion house Zadig & Voltaire has unveiled its boutique in Mexico City.
Friend
and Follow
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona
Dolphin mall GLA:1 400 000 SF
ADDRESS: 11401 N.W. 12th Street Miami, FL 33172
USA . Miami
Dolphin mall
Mall of Tripla GLA:914 932 SF
ADDRESS: Veturitie 13
Finland . Helsinki
Mall of Tripla


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us