Retail Partnership

In 2014, CVS Lane and Consolidated Properties formed a Retail Partnership targeting to build a portfolio of supermarket anchored neighbourhood shopping centres. The Retail Partnership’s intention is to source assets with development or value adding potential.

Sites purchased to date include;

Coles Casuarina

• Coles Casuarina is located in the coastal town of Casuarina, NSW, approximately 120kms south east of Brisbane.
• Upon completion, Coles Casuarina will be a neighbourhood shopping centre comprising a Coles anchored supermarket and at least eight specialty stores plus 237 car parks.
• Construction is expected to complete in March 2016.

Karalee Shopping Village

• The Karalee Shopping Village is located in a high growth residential locality approximately 25 kilometres south west of the Brisbane CBD.
• The site is an established 5,800 square meter neighbourhood shopping centre anchored by a full line Woolworths supermarket and 16 speciality stores.
• The Retail Partnership has entered into an option agreement to purchase two adjacent development lots that include development approval for the construction of a Coles supermarket and additional speciality retail stores.