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
  • Angola
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • 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
  • Morocco
  • Netherlands
  • New Zealand
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Russia
  • Saudi Arabia
  • Singapore
  • Slovakia
  • 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 Global Investors)
      • Project 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
      • Investment Advisory
      • Structured Transactions & Advisory
      • Leasing & Advisory
      • Metropolitan Investments
      • Property Management
      • Property Sales
      • Recovery & Restructuring
      • Valuation & Advisory
    • Services for Occupiers
      • Facilities Management
      • Host
      • Leasing & Advisory
      • Occupier Consulting
      • Portfolio Services
      • 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
      COVID-19 Insights
      Expert Opinions
      Talking Property Podcast
  • People & Offices
    • Pacific Executive Committee
  • About CBRE
    • [email protected] - LGBTI+ Inclusion
      Careers
      Case Studies
      Client Tools
      Corporate Information
      Corporate Responsibility
      Investor Relations
      Media Centre
      The Place Makers

Previous

St Marys industrial site snapped up within two weeks of settlement

Next

CBRE announces new Head of Research for Australia
  • Home
  • About CBRE
  • Media Centre
  • Sydneys ShopSmart Outlet Centre hits the market

Sydney's ShopSmart Outlet Centre hits the market

Sydney | 2 May 2018
  • Email
  • Share
  • Tweet
  • Share
The Sydney ShopSmart Outlet Centre has been listed for sale amid ongoing interest in select retail investment opportunities.

CBRE’s Nick Willis and Justin Dowers have been appointed to sell the Mount Druitt shopping centre, which is positioned between the Westfield Shopping Centre, Mt Druitt Hospital and the train station. 

The 9,990sqm shopping centre is located on at 28,880sqm, B4 zoned site and is anchored by international retailer TXMaxx, Spotlight and a medical centre.

“The current market commentary surrounding the retail sector is driving investors to refine their focus on defensive, future proof opportunities,” Mr Willis said.

“Whilst there is a significant weight of capital in the market looking to acquire retail, it is far more selective - acquiring centres with a focus on services, food and beverage and/or development potential.”

“ShopSmart Outlet Centre provides an opportunity to acquire a value-add centre not only underpinned by a diverse retail mix including medical and food & beverage, but also featuring a significant land holding lending itself to future development potential.”

The adjacent site at 1 Zoe Place, owned by Chinese backed Ausunion First Group, has recently received a Development Approval for 268 apartments and is a benchmark for the changing Mt Druitt landscape. 

Mt Druitt, positioned 43km west of the Sydney CBD and 20km west of the Parramatta CBD, is set to benefit from a wave of State Government backed infrastructure development including: the $700million Mt Druitt Hospital upgrade (adjoining ShopSmart) and the $7 billion rail link connecting Badgerys Creek Airport to western Sydney. 

Mr Willis commented that with the increasing government investment and development in Sydney’s west, investors were looking to secure a foothold in the market. 

The shopping centre is being formally offered by CBRE via an Expressions of Interest campaign. 
 
For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

Contact Us

  • Corporate Information
  • Corporate Responsibility
  • Media Centre
  • About CBRE
  • Careers
  • Case Studies
  • People & Offices
  • Executive Committee
  • Investor Relations
  • Contact Us
  • Australia Privacy Policy
  • Privacy Policy
  • Whistleblower Policy
  • Sitemap
  • Terms of Use
  • LinkedIn
  • Twitter
  • Facebook
  • Instagram
  • Youtube