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- 15,600sqm* neighbourhood shopping centre zoned E1 — Local Centre;
- Only shopping centre serving its suburb, underpinning consistent foot traffic and retailer demand;
- Sold via Receivership Sale on behalf of EY-Parthenon as Receivers and Managers;
- Positioned in a high-growth suburban corridor with strong residential catchment;
- Value-add and repositioning potential within an established retail trade area.
Bradfield International Real Estate is pleased to have facilitated the Receivership Sale of Newbrook Shopping Village — a 15,600sqm* neighbourhood shopping centre representing the sole retail facility in its suburb.
Newbrook Shopping Village occupies a dominant position as the only shopping centre serving its local residential catchment. This monopoly retail position underpins consistent foot traffic and retailer demand, providing the incoming owner with a resilient income foundation and clear value-add opportunities.
The centre is zoned E1 — Local Centre and was sold on behalf of Justin Walsh and Andrew Hanson of EY-Parthenon as Receivers and Managers. The Receivership Sale process attracted competitive interest from retail investors and value-add operators seeking to reposition an established asset within a growing suburban market.
The successful sale of Newbrook Shopping Village reflects the enduring demand for well-located neighbourhood retail assets in suburban growth corridors, where captive catchments and limited retail competition provide strong defensive income characteristics for the long term.
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