Caloundra Village acquired on the Sunshine Coast
ISPT has acquired Caloundra Village, an established neighbourhood centre 75km north of Brisbane CBD via the ISPT Retail Australia Property Trust (IRAPT). Caloundra Village is anchored by a strong performing IGA plus 12 non-discretionary speciality stores.
Caloundra Village joins two other Sunshine Coast properties in IRAPT’s portfolio – Coolum Park and Coolum Village. These centres provide retail offerings and essential services for our customers, communities and visitors to the Sunshine Coast.
Kate Matthewson, IRAPT Fund Manager said the acquisition aligns with IRAPT’s strategy for 2021-2025.
“Caloundra Village is a solid addition to IRAPT’s portfolio of convenience-based neighbourhood centres. This acquisition increases IRAPT’s exposure to the Sunshine Coast, an area experiencing a sea-change population boom and significant government investment and infrastructure.”