Corimbia Capital’s Debut Breaks Ground at Kirrawee

Emerging investment platform Corimbia Capital has broken ground on its debut Workway project—marking a strategic play into Sydney’s booming trade, logistics and service economy.

The purpose-built retail centre at 47 Waratah Street, Kirrawee, in Sydney’s Sutherland Shire, will deliver a hybrid model of trade retail, light industrial and flexible storage under a single banner—designed with tradies and service businesses front of mind.

Corimbia Capital founder Pishoy Gobran said the development, known as Workway Kirrawee, would be the flagship asset for Corimbia’s new commercial real estate platform.

He said it aimed to redefine what trade-based businesses could expect from small-format industrial and service centres.

“Workway is a response to what the trade market actually needs: modern, flexible and functional development,” Gobran said.

Workway Kirrawee is off to a strong start with ASX-listed ARB locking in a 15-year lease as anchor tenant, taking the development’s largest tenancy.

Designed to service everyone from sole traders to national operators, the hub will combine trade showrooms, workshop spaces, and onsite storage.

CBRE is managing leasing for the trade retail component, while Commercial Property Group is overseeing sales of workstores and strata-titled workshops.

▲ The Workway platform combines trade retail with light industrial and flexible self-storage that taps into an under-serviced segment of the market.

“At Corimbia, we’re not just buying assets—we’re building real estate platforms,” Gobran said.

“Workway is designed to make doing business easier for trade operators, from local contractors to national retailers.”

The project is strategically positioned among a cluster of complementary operators including Bunnings, Sydney Tools, Total Workwear, Mazda and Ford, tapping into the “Bunnings halo effect”—where proximity to large-format hardware anchors boosts surrounding commercial demand.

The 6012sq m Kirrawee site was acquired in late 2024 and settlement finalised in June this year.

National construction firm CIP Constructions was appointed after a competitive tender and early site works are under way.

Corimbia Capital is delivering the project as a joint venture with Burtonwood Investment Partners, a boutique fund manager with a record in commercial and mixed-use delivery.

Completion is expected in the third quarter of next year and tenants are expected to move in from the following quarter.