ISPT acquires Bracken Ridge Plaza
Bracken Ridge Plaza is a convenience based neighbourhood shopping centre located approximately 18 km’s north of the Brisbane CBD.
It is an established neighbourhood centre, located on a visible and busy main road intersection, anchored by a Coles supermarket and 25 fully leased specialty stores.
Cameron Gregson, ISPT’s Fund Manager said: “Bracken Ridge Plaza provides IRAPT with its first investment into metropolitan Brisbane. The centre is well located and established in its catchment. We see great opportunity to improve the centre’s productivity with further capital investment and tenancy re-mixing in the years ahead.”