The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
AFFORDABLE HOUSING DEVELOPMENT SUMMIT THURSDAY, AUGUST 28, 2025
AFFORDABLE HOUSING SUMMIT THURSDAY, AUGUST 28, 2025
EVENT DETAILSDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
2
print
Print
RetailLindsay SaundersWed 14 Dec 22

Dexus Offloads Beenleigh Shopping Centre for $85m

beenleight shop sale

Dexus has sold a Brisbane fringe shopping centre for $85 million as interest in sub-regional shopping centres continues to surge.

Property investment and development firm Mintus has bought Brisbane’s Beenleigh Marketplace for $85 million from Dexus Wholesale Property Fund.

CBRE’s Simon Rooney negotiated the off-market sale of the centre.

The transaction follows Dexus’s sale in October of Shepparton Marketplace in Victoria for $88.1 million.

“The transaction demonstrates the continued demand for quality, metropolitan sub-regional assets with a focus on non-discretionary spending,” Rooney, CBRE head of retail capital markets, Pacific, said.

“There is particularly strong interest in assets which offer strategic value-add opportunities.”

Rooney said the Beenleigh Marketplace offered immediate potential to undertake targeted remixing of the centre’s speciality tenants.

“The substantial 60,680sqm, underutilised landholding also provides significant scope for future development opportunities,” he said.

The 20,252sq m centre occupies a prominent 56,290sq m site alongside an adjoining office building and ancillary land totalling 4390 square metres.

Located about 32km south-east of the Brisbane CBD, Beenleigh Marketplace is the focal point of the Beenleigh Town Centre, a central community, commercial and retail destination exhibiting robust economic and population growth.

The centre draws 2.6 million visitors each year and has an impressive moving annual turnover (MAT) of $117 million, including its strongly performing major tenant offering of Woolworths and Big W.

Rooney said investors had been attracted by the centre’s combined sales performance and the exceptional income security of the major tenants, coupled with the centre’s robust specialty productivity of $8753 a square metre, and occupancy cost of 12.5 per cent, well below the relevant industry benchmark.

Beenleigh Marketplace is expected to continue to benefit from the substantial population growth occurring in and around the centre, with the current resident population of some 115,000 people expected to grow by 2.3 per cent a year to 2036.

“The centre benefits from its strategic position along the Beenleigh and Gold Coast train line, where major residential developments will drive significant population growth, including the Yarrabilba masterplanned community, which is set to accommodate an additional 45,000 residents by 2050,” Rooney said.

RetailResidentialOfficeBrisbaneAustraliaPlanningFinancePlanningDeal
AUTHOR
Lindsay Saunders
The Urban Developer - News Editor
More articles by this author
linkedin icon
ADVERTISEMENT
TOP STORIES
Traders in purple Northsea Wollongong EDM
Exclusive

Affordable Housing Bonus Drives Mixed-Tenure Momentum

Clare Burnett
6 Min
Exclusive

Industry Stoush Looms Over Construction Code Pause

Patrick Lau
4 Min
Exclusive

New Wave of Capital Washes Over Evolving Surf Park Sector

Phil Bartsch
11 Min
North Sydney TUD Plus HERO
Exclusive

NSW Housing Fix Tips North Sydney into New Era

Vanessa Croll
7 Min
 GemLife site Currumbin Waters EDM
Exclusive

Pop-Out Apartments Power GemLife’s $450m Vertical Experiment

Clare Burnett
6 Min
View All >
Residential

Spyre Wins Approval for ‘Aspirational’ Tugun Luxury Project

Taryn Paris
Broadbeach 38-40 Australia Avenue DA Approval render hero
Development

Tripling Down on Gold Coast Tower Plans Pays Dividends

Phil Bartsch
Traders in purple Northsea Wollongong EDM
Exclusive

Affordable Housing Bonus Drives Mixed-Tenure Momentum

Clare Burnett
NSW's planning changes are sparking growth in projects blending market and affordable homes, but challenges of complexit…
LATEST
Residential

Spyre Wins Approval for ‘Aspirational’ Tugun Luxury Project

Taryn Paris
2 Min
Broadbeach 38-40 Australia Avenue DA Approval render hero
Development

Tripling Down on Gold Coast Tower Plans Pays Dividends

Phil Bartsch
2 Min
Traders in purple Northsea Wollongong EDM
Exclusive

Affordable Housing Bonus Drives Mixed-Tenure Momentum

Clare Burnett
6 Min
Kincrest The Osment Prahran HERO
Development

Kincrest Breaks Ground on its $100m Prahran Luxury Project

Leon Della Bosca
4 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/dexus-mintus-beenleigh-shopping-centre-transaction