​​Premier multi-use retail and commercial property opportunity featuring institutional‑grade construction, exceptional site exposure and unrivalled precinct synergies at 11 The Promenade, Australind​Â
A brand-new, institutional-grade Large Format Retail Centre in the master-planned Treendale Town Centre has been offered for sale on behalf of developer and fund manager Royal Oak Capital. The asset, located in Australind, one of Western Australia’s fastest-growing regions, is being brought to market by Colliers and Stonebridge Property Group.
The 32,502 m² site is zoned District Centre under the Harvey Local Planning Scheme No. 2, allowing for a wide range of retail and commercial uses. This strategic and flexible zoning supports future reconfiguration into a hybrid large-format and neighbourhood retail centre, enabling a mix of convenience-based and destination-oriented uses. The flexibility of the planning framework de-risks future occupancy and underpins the asset’s long-term adaptability as a key retail destination within the South West growth corridor.
The campaign is exclusively marketed by Colliers’ Richard Cash, James Wilson, alongside Philip Gartland and Justin Dowers from Stonebridge Property Group.
Completed in early 2025, the centre comprises 11,732 m² of GLA across four single-level buildings on a 32,502 m² island-style site, supported by 310 at-grade car spaces. It sits directly opposite Bunnings and adjoins the Woolworths-anchored Treendale Shopping Centre, forming a one-stop retail destination for Bunbury, Eaton and Australind.
“Positioned at the heart of a master-planned community with limited competing LFR supply, Treendale delivers the operational flexibility and visibility that institutional buyers value. Its considered design, strategic District Centre zoning and connectivity to major anchors support a wide range of retail and commercial uses, and immediate re-leasing potential in vacant bays makes it a compelling proposition for long-term holders,” added Philip Gartland, National Partner at Stonebridge Property Group.
Alex Gismondi, CEO of Royal Oak Capital, said the centre’s development was a strategic execution of the group’s vision to deliver premium assets in high-growth corridors. “We are incredibly proud to have delivered the Treendale Home & Lifestyle Centre, translating our vision into a premium hybrid retail destination that serves a rapidly growing community and is anchored by high-calibre national tenants. Having developed and stabilised this institutional-grade asset, it now represents an outstanding, secure investment opportunity. This divestment is consistent with our core strategy of developing and stabilising premium assets, allowing us to focus on the redeployment of capital into our next wave of development opportunities.”
The Large Format Retail sector has emerged as one of the top-performing segments within WA retail in 2025, attracting strong interest from both sophisticated private investors and institutional capital. Recent landmark transactions, including the sales of Joondalup Gate for $79,100,000 and Joondalup Square for $74,000,000, have highlighted the sector’s resilience and growth, with yields tightening by approximately 12.5 basis points above the national average.
“These assets are typically anchored by high-profile national and ASX-listed tenants, supported by favourable lease structures and annual rental growth, offering secure income and long-term capital upside. This performance reflects not only the strength of the sector in Western Australia but also the broader economic stability underpinning the region,” said Richard Cash, State Chief Executive | Western Australia | Colliers.
Treendale Home & Lifestyle Centre represents a strategic entry point into WA’s South West growth corridor, capturing both essential and discretionary spend across a broad trade area. Located in the master planned Treendale precinct, anchored by major retailers and supported by significant infrastructure upgrades, the centre is positioned as a key retail destination within the rapidly evolving Bunbury Eaton Australind region. This transformation is driven by a strong housing pipeline, improved connectivity via the Wilman Wadandi and Forrest Highways and increased investment in health, education and community amenities, all reshaping regional retail dynamics.
The centre occupies a commanding island-style site on a key arterial route into Bunbury, the centre offers exceptional visibility and convenience. With six entry/exit points across four frontages, high-profile pylon signage, wide customer frontages and direct pedestrian links to adjoining anchors, it delivers a seamless retail experience. Shared parking with the neighbouring Woolworths-anchored centre further enhances footfall and practical convenience. Built to institutional specifications, the asset includes surplus electrical capacity, rooftop solar and flexible infrastructure to support future reconfiguration.
The tenancy mix includes eight large-format retailers and eight specialty stores anchored by national and regional operators such as Revo Fitness, Petstock, SportsPower, The Furniture Gallery, Red Dot Home, Furniture Bazaar and Hip Pocket Workwear & Safety, delivering a balanced income profile with national covenant strength.
A 100% interest in Treendale Home & Lifestyle Centre is being offered for sale via Expressions of Interest.
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