ISPT acquires 50% of Kawana Shoppingworld in Qld

ISPT has acquired a 50% interest in Kawana Shoppingworld, Qld, with the Mirvac Group retaining a 50% interest. The Sub-regional Centre is located in Buddina on Queensland’s Sunshine Coast, and is approximately 100km north of the Brisbane CBD. Kawana Shoppingworld is anchored by Big W, Woolworths, Coles and Aldi, 6 mini majors and complemented by 131 specialty retailers.

A development is underway of the cinema complex due for completion in December 2018.

Sam Curry, ISPT’s General Manager of Retail Services said “ISPT looks forward to working with Mirvac on our first retail investment together. Kawana Shoppingworld is a thriving shopping centre in a growth catchment and is a good fit with our investment strategy”.