Waurn Ponds Shopping Centre is an open configured sub-regional shopping centre and is located at the intersection of Princes Highway and Pioneer Road, seven kilometres from the Geelong central business area.
The region’s steady population growth and the continued residential land sub divisions close to the Centre are predicted to have a positive impact on retailer performance.
In 2007, the Centre underwent a major expansion and refurbishment that increased its size by one third and secured the Centre as the dominant retail centre outside inner Geelong.
Prospects for the catchment area
The Fund has a right to acquire a future development on the adjacent farmland, which is expected to be anchored by a large Coles supermarket and a Kmart store.
| Property Use |
Retail |
| Lettable Area |
26,763m² |
| Latest Valuation |
$120.50m |
| Valuation Date |
June 2011 |
| Major Tenants |
Target, Safeway, Coles, Reading Cinemas |
| Original Trust |
Australian Unity Retail Property Trust (RPT) |
Property information
This property information is current as at 30 June 2011. We are not aware of any change to these details at the time of publishing.
