Supermarket Anchored Retail |
Thornlie, Australia
Triple supermarket anchored major metropolitan land holding, located 15km south-east of the Perth central business district.
Facts & Figures
Retail
Core Plus
Under management
76.500 sqm
lettable area
15km
from Perth CBD
Triple
supermarket anchored
6.6 ha
strategic land holding
About Forest Lakes
- Major metropolitan land holding: approximately 76,500sqm located 15km southeast of the Perth CBD.
- Triple supermarket anchored by Coles, Woolworths and Aldi.
- Resilient Tenancy Mix: 83% of GLA dedicated to convenience and daily-needs retailers. 31 December 2024
- A phased enhancement approach is under consideration, beginning with the potential development of three pad sites in the near term.
- Mid-term opportunities include the possible development of an adjoining vacant commercial lot and the divestment of a residential parcel. Additionally, a strategic remix of underperforming specialty tenants is being explored, with early commitments from select occupiers to invest in upgraded fit-outs.
- Sustainability & NOI Enhancement: Planned solar installation to leverage electricity arbitrage and boost net operating income.
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