CBRE Brokers $170 Million Retail Asset Sales Between Vicinity Centres and MA Financial

CBRE has negotiated the sale of two retail assets with a combined value of $169 million, facilitating a significant capital recycling initiative for Vicinity Centres and a further expansion of MA Financial Group's retail real estate platform.

The transactions comprise the $120 million sale of Taigum Square in Brisbane and the $49 million sale of Eastern Creek Quarter Large Format Retail (ECQ XL) in Western Sydney. 

CBRE's Head of Retail Capital Markets – Pacific, Simon Rooney, exclusively acted on behalf of Vicinity Centres in both transactions, with settlement expected in September 2026.

The transactions support Vicinity's ongoing strategy of recycling capital from non-core assets into higher-growth opportunities, while delivering MA Financial two high-quality retail investments in key east coast markets. 

Mr Rooney said the transactions highlighted the sustained demand for high-quality retail real estate investment opportunities. 

“The divestment of Taigum Square reflects robust investor demand for quality sub-regional shopping centres that dominate their local catchments and are anchored by defensive, market-leading tenants,” Mr Rooney said.

“Similarly, ECQ XL represents a best-in-class large format retail investment within one of Western Sydney's fastest-growing retail and logistics precincts. Investors were particularly attracted to its strategic location, quality tenant profile and long-term growth fundamentals.”

Located approximately 15 kilometres north of the Brisbane CBD, Taigum Square is a dominant sub-regional shopping centre anchored by Woolworths and Big W. The centre comprises 22,470sqm of gross lettable area, more than 59 specialty stores and kiosks, occupancy of 98.9% and annual turnover of approximately $140 million. The property also benefits from 1,072 car spaces. 

Completed in 2022 as Stage 2 of the broader Eastern Creek Quarter development, ECQ XL comprises more than 11,000sqm of large format retail accommodation anchored by national retailers including Officeworks, 4WD Supacentre, Anaconda and RSEA Safety. The asset also incorporates seven additional large format retail tenancies, a café and two pad sites occupied by McDonald's and KFC, supported by 340 car spaces.

The asset benefits from its strategic position within the Eastern Creek Quarter precinct at the intersection of the M4 and M7 motorways, providing exposure to approximately 26 million vehicles annually.