May 7 2026 -
Premium South East Queensland Neighbourhood Retail Centre Portfolio Brought to Market
A complete, curated portfolio of key neighbourhood shopping centres across South East Queensland has been brought to market, offering investors rare institutional-scale exposure to one of Australia’s most tightly held retail sectors.
The portfolio is made up of six high-traffic, strategically located convenience-based retail shopping centres located across established and high-growth corridors throughout South East Queensland including Keperra, Springwood, Yeerongpilly, Palm Beach, Toowoomba and Karalee.
Anchored by leading national supermarket chains including Woolworths, Coles and Aldi, the portfolio is underpinned by essential services retail, resilient tenant demand and non-discretionary consumer spending patterns.
Across the portfolio, occupancy rates sit at 97 per cent, supported by strong leasing performance, long-term tenant retention and a weighted average lease expiry of 5.1 years by area and 4.7 years by income, reflecting a secure and diversified income profile.
The assets provide a defensive income base combined with embedded rental growth potential, underpinned by sustained population growth, constrained retail supply and ongoing infrastructure investment across South East Queensland.
The decision to bring the portfolio to market follows a period of active asset management, repositioning and development by Consolidated Properties Group (CPG) and CVS Lane Capital Partners (CVS Lane), including upgrades to tenancy mix, retail amenity and leasing outcomes across multiple centres.
CPG Chief Executive Officer Don O’Rorke said the portfolio reflects a long-term strategy focused on creating high-quality neighbourhood retail assets designed to perform across economic cycles.
“These centres have been actively developed and enhanced over time to deliver consistently strong occupancy, resilient income streams and high-quality tenant mixes anchored by essential retail,” Mr O’Rorke said.
“Our strategy has always based around finding assets that offer strong refurbishment and development potential to hold for the long term.
“We’re proud of what we have achieved with each of these shopping centres in terms of improving their facilities and retail offering, and that shows in their performances. And, with strong population growth across South East Queensland and sustained demand for convenience retail, this portfolio represents a timely opportunity for investors seeking defensive income with embedded growth.”
CVS Lane Chief Executive Officer Lee Centra said neighbourhood retail continues to demonstrate strong structural fundamentals and investor demand.
“These assets are underpinned by essential services, strong demographic growth and disciplined leasing outcomes,” Mr Centra said.
“We’ve taken a long-term approach to managing these assets, with a focus on delivering a reliable and growing source of income for our investors. The combination of high occupancy, long lease duration and embedded growth across the portfolio presents a compelling opportunity in a tightly held sector.”
The portfolio is being offered for sale either in-one-line or on an individual asset basis, providing flexibility for a range of investment strategies while maintaining exposure to scale within a highly sought-after retail segment.
JLL Executive Director of Retail Investments Jacob Swan said investor demand for grocery-anchored neighbourhood centres remains strong, particularly across eastern seaboard growth corridors.
“We continue to see sustained capital allocation into convenience retail assets supported by strong population growth and defensive income characteristics,” Mr Swan said.
“South East Queensland continues to dominate demand from capital nationally, as investors remain focused on population and income growth”.
“The combination of limited new development, strong population growth and resilient household spending continues to underpin income stability and capital demand in this segment,” Mr Tynan said.
“Portfolios of more than $500 million are exceptionally rare in the Australian convenience retail market, noting the last comparable transaction was the sale of a Woolworths‑anchored portfolio of 10 centres at a price of over $500 million approx. reflecting a blended yield of circa 5.3%.”
