logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
Australia
  • Global
  • United States
  • Albania
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Bosnia & Herzegovina
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Croatia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Montenegro
  • Morocco
  • Netherlands
  • New Zealand
  • North Macedonia
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Saudi Arabia
  • Serbia
  • Singapore
  • Slovakia
  • Slovenia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Lines
      • Advisory & Transaction Services
      • Capital Markets
      • Global Workplace Solutions
      • Investment Management (CBRE Investment Management)
      • Property Management
      • Valuation & Advisory Services
    • Industries & Specialties
      • Agribusiness
      • Build-to-Rent
      • Building, Depreciation & Cost Consultancy
      • Government Real Estate Advisory & Transactions
      • Hotels
      • Industrial & Logistics
      • Office
      • Residential
      • Retail
      • Retirement & Healthcare
      • Sustainability
      • Flexible Workspace
    • Services for Investors
      • Debt and Structured Finance
      • Host
      • Institutional Investments
      • International Investments
      • Investment Accounting & Reporting Solutions
      • Structured Transactions & Advisory
      • Leasing & Advisory
      • Metropolitan Investments
      • Property Management
      • Property Sales
      • Recovery & Restructuring
      • Valuation & Advisory
    • Services for Occupiers
      • Facilities Management
      • Leasing & Advisory
      • Occupier Consulting
      • Portfolio Services
      • Project Management
      • Sale and Leaseback
      • Structured Transactions & Advisory
      • Transaction Management
      • Valuation & Advisory
      • Workplace
  • Properties
    • Agribusiness
      Hotels
      Industrial & Logistics
      Institutional Investments
      Metropolitan Investments
      Office
      Residential
      Retail
  • Research & Insight
    • Australia Research
      Asia Pacific Research
      Global Research
      Expert Opinions
      Talking Property Podcast
  • People & Offices
    • Pacific Executive Committee
  • About CBRE
    • [email protected] - LGBTQI+ Inclusion
      Careers
      Case Studies
      Client Tools
      Corporate Information
      Environmental, Social and Governance
      Investor Relations
      Media Centre
      Reconciliation
      The Place Makers

Previous

Press Release
Melbourne investor secures Hawthorn café at auction

Next

Press Release
Corner development opportunity in heart of Richmond’s lifestyle hub
  • Home
  • About CBRE
  • Media Centre
  • Premium Bendigo homemaker centre offered to market for first time

Premium Bendigo homemaker centre offered to market for first time

3 November 2015
  • Email
  • Share
  • Tweet
  • Share

Melbourne, 04 November 2015 – Victoria’s strong performing retail investment market continues to gain momentum, with the upcoming sale of Bendigo’s premier retail homemaker destination, the Rocklea Homemaker Centre.

Located at 239-249 High Street, the Rocklea Homemaker Centre is an18,351sqm complex anchored by a number of leading retailers, including Baby Bunting, Fantastic Furniture, Lincraft,  BCF, Pillow Talk and Adairs.

The property’s owner, ASX listed Phileo Australia Limited (ASX: PHI), has decided to sell the asset based on its strong leasing performance, combined with the undersupply of quality assets of this nature currently being seen in the Victorian retail investment market.

Prominently positioned on the Calder Highway, the centre is regarded as one of Bendigo’s premium shopping hubs, benefitting from exposure to more than 27,000 cars daily and servicing a vast catchment of approximately 130,000 people.

CBRE’s Mark Wizel, Rorey James and Chris Parry have been appointed to sell the asset, which provides a fully leased net income of $2.68 million, via a Public Expression of Interest campaign.

Mr Wizel said the centre would attract strong investor interest from a range of offshore and local buyers looking to take advantage of the stronger occupier market the sector provides.

“Off the back of significant investment in the region, including the Woolworths’ Kennington development for $20 million and Charter Hall’s Lansell Square investment and redevelopment for $60 million, Rocklea Homemaker Centre provides investors an exciting opportunity to capitalise on the forecasted growth and investment in the area,” Mr Wizel said.

“Rarely does the opportunity to acquire a 20,000sqm building occupied by key leading national retailers present itself to the market, particularly in such an exciting and rapidly developing region.”

CBRE Large Format Retail Director, Chris Parry, said the asset represented an outstanding opportunity to gain a foothold in Victoria’s strengthening retail investment market.

“The Rocklea Homemaker Centre will continue to be a strong performing asset, which will attract dominant household brands and strong rental growth. This is largely underpinned by its status as the only dedicated homemaker centre in the catchment,” Mr Parry said.

“Bendigo as a region has a strong underlying and diverse economy when compared with its counterparts across Victoria, which further boosts the appeal of the centre as an investment opportunity.”

Mr Parry added: “Located immediately adjacent to Bunnings, the Lansell Plaza Shopping Centre and Kangaroo Flat Marketplace, Rocklea Homemaker Centre benefits from strong patronage as a result of its convenient location.

“When coupled with the access from the highway and convenient on grade car parking, Rocklea Homemaker Centre plays a key role in the larger retail precinct of Kangaroo Flat and Bendigo.”

The Public Expression of Interest campaign closes December 3rd at 5pm.

For Australian/international news or global stories, follow us on Twitter.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.​

 

 

 

 

 

 

Media Contacts

Kathryn House Headshot
Kathryn House
Communications Director
Pacific
+61 2 9333 3585
+61 402 465 440
  • Corporate Information
  • Corporate Responsibility
  • Media Centre
  • About CBRE
  • Careers
  • Case Studies
  • People & Offices
  • Executive Committee
  • Investor Relations
  • Contact Us
  • Australia Privacy Policy
  • Global Web Privacy and Cookie Notice
  • Whistleblower Policy
  • Sitemap
  • Terms of Use
  • LinkedIn
  • Twitter
  • Facebook
  • Instagram
  • Youtube