In the Media

  • Excel invests in Aspley Village Shopping Centre

    Published in: Retail Lease Guide
    Published on: 13 May 2015

    The recently refurbished, yet long established Aspley Village Shopping Centre situated on Robinson Road is set to become Excel’s most recent retail property investment.

    Anchored by a full line Coles supermarket (3,185sqm*) plus 6 Mini Majors and a vibrant mix of specialty retail, medical & service tenancies, the centre was comprehensively redeveloped in 2008. With an approximate floor area of 11,290sqm and 430 undercover car parks, the complex also includes two free standing Child Care Centres. The deal was negotiated by Glenn Conridge of Chesterton International and Excel are expected to develop further quality outdoor restaurant and café offerings at the complex.
    Excel’s Managing Director, Peter Sherrie confirms investment in neighbourhood shopping complexes has been on the rise. 

    “Neighbourhood centre sales activity stood at record levels last year with over $2 billion in transactions,” Peter said.  “We expect to see further activity throughout 2015.”

    “The purchase of this well established complex will be a significant addition to Excel’s diverse property portfolio of retail, office and commercial, industrial and residential communities.”