Lendlease has exclusively listed Sydney-based shopping centre Darling Square Retail for sale through Colliers.
The shopping centre serves as home to 44 retailers across a total footprint of 9,639sq m and has a full occupancy rate across 4,516sq m of gross lettable area.
Lachlan MacGillivray, MD of Retail Capital Markets at Colliers, said the company is marketing a 100 per cent leasehold interest in Darling Square Retail, comprising the North East, South East and South West retail strata.
“Underpinned by strong sales productivity and sustainable occupancy costs, the precinct has a secure platform for substantial rental growth,” said MacGillivray.
The shopping centre’s tenants are a mix of restaurants, takeaway stores, coffee shops, bubble tea outlets, desert bars and mainstays namely McDonald’s and Starbucks.
Darling Square precinct has about 1,500 residential units, 26,000sq m of commercial office space, 12,000sq m of retail community and leisure uses, 1,300 bed student accommodation and a 590-room luxury hotel.
