ISPT acquires 19th Avenue Shopping Centre on the Gold Coast

ISPT have recently acquired 19th Avenue Shopping Centre in Palm Beach, Queensland.

The established neighbourhood shopping centre on the Gold Coast is anchored by a strong performing Woolworths supermarket plus 27 stores.

Cameron Gregson, Fund Manager for IRAPT says projected population growth between Burleigh and Coolangatta and an infrastructure program of airport upgrades and a rail extension made the centre a strong investment choice

“19th Avenue Shopping Centre fits with the IRAPT strategy to introduce more Woolworths and Aldi supermarkets for diversity and to maintain quality of covenants.

The centre has great access, a well-designed layout and a strong tenancy mix with an emphasis on health, food and community related- services.”