Charter Hall has acquired Chullora Marketplace for $145M through an off-market transaction led by JLL’s Nick Willis and Sam Hatcher.
Chullora Marketplace, located 14km southwest of the Sydney CBD, is triple-anchored by a Woolworths, Coles and an Aldi, generating $168M in annual turnover, $112M of which is driven by the supermarket anchors. The property spans 5.8ha of an infill site, with 867 car parking spaces.
The acquisition reflects a resurgence of institutional capital in the sector, driven by a resilient tenant mix, said Willis and Hatcher.
The purchase follows Charter Hall’s recent acquisitions of Corio Village and Glebe Village, indicating strong confidence in the sector’s potential and stability.
“To have the opportunity to acquire a land-rich centre positioned on almost 6ha of freehold land and underpinned by a robust convenience mix within this proximity to the Sydney CBD, is almost non-existent anymore,” said Willis, who is Executive Director of JLL Australia and New Zealand.
