Purchased 2021 During his tenure as Managing Director and partner at Ganellen Asset Management, Richard Manning alongside his team, played a key role in sourcing, negotiating raising the equity for and leading his team through the due diligence process to acquire this investment asset and establishing its first wholesale fund.
Kallangur Fair is a well-established neighbourhood shopping centre located in metropolitan Brisbane. It is anchored by a full-line Woolworths supermarket and a discount variety store, supported by a diverse mix of 14 predominantly non-discretionary specialty tenancies, including a medical centre, pharmacy, and BWS liquor store.
Situated on Anzac Avenue, a major arterial traffic route which features an average traffic count of over 24,000 cars daily, Kallangur Fair also includes convenient at grade parking for 270 vehicles, 138 of which are covered by shade-sails.
The Ganellen Asset Plan:
- Replaced poor performing and presenting tenants with new food and other non-discretionary retail uses
- Leased vacancies and reduce outgoings expenditure
- Improved Centre presentation
Woolworths
Anchor Tenant11
Specialty Tenants4,701m2
Net Lettable Area270
Parking Spaces
