Fund manager Clarence Property has sold the Woolworths-anchored Logan Village Marketplace to a Sydney-based private investor for $16.3 million.
CBREās Joe Tynan and Michael Hedger managed the sale of the South East Queensland centre, with the price reflecting a 5.07% yield.
With a strong WALE of more than 8.6 years (by income) and 86% of the GLA secured by Woolworths, Logan Village is a dominant centre within its catchment.
Mr Tynan said the campaign attracted significant private and offshore investor interest, with over 130 enquiries and 11 formal offers, six from new offshore investors.
CBRE is now dealing with over $128 million in unsatisfied active capital, reflecting growing investor appetite for neighbourhood shopping centres.
āSince the property exchanged in April, we have received multiple phone calls from buyers seeking retail assets like Logan Village, highlighting the ongoing demand for dominant shopping centres in key growth regions,ā Mr Tynan said.
According to transactions tracked by CBRE, a total of $204 million in retail sales valued at between $5 million and $75 million were recorded in Q1 2025, up 50% on the same period last year.
CBREās Mr Hedger noted the Logan Village was the purchaserās first Queensland acquisition.
āThe price point and low number of specialty tenants at Logan Village was highly attractive, and 70% of the buyer enquiries were from new entrants into the market, demonstrating pent-up demand,ā Mr Hedger said.
The fully leased, 3,241sqm shopping centre includes a 2,794sqm Woolworths Supermarket on a 20-year lease, representing 72% of the gross rental income. There is a diverse mix of tenants including a medical centre, pharmacy, newsagency, and fish and chip retailer.
The neighbourhood shopping centre is strategically positioned in the Brisbane to Gold Coast growth corridor in Queenslandās fastest growing Local Government Area. The area has a population of just over 340,000 and is predicted to exceed 600,000 by 2046, reflecting 76% growth.
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