Dexus has offloaded Brisbane’s Beenleigh Marketplace for $85 million.
Property investment firm Mintus acquired the 20,252 sqm mall through CBRE, who negotiated the off-market sale.
The centre is anchored by Big W and Woolworths, located 32km southeast of Brisbane’s CBD, and delivers $8,753 per square metre, with occupancy costs 12.5 per cent below average.
“The transaction demonstrates the continued demand for quality, metropolitan sub-regional assets with a focus on non-discretionary spending,” said Simon Rooney, head of retail capital markets at CBRE.
“There is particularly strong interest in assets which offer strategic value-add opportunities.”
