Chisholm Village

Manning Property Partners acquired the property from the previous stakeholders in November 2025 and has since successfully executed on the investment strategy.

This has included the completion of Coles’ $8.5 million store modernization, the delivery of a new KFC drive-through pad site, and the strategic acquisition of adjoining neighboring properties at accretive cash flow yields.

Since acquisition, distributions of approximately 6% per annum (post-tax) have been paid to investors, and the asset continues to perform strongly, currently tracking ahead of the original investment thesis.

Asset History
The asset was originally acquired in 2015, during Richard Manning’s tenure as Managing Director and partner at Ganellen Property, where he played a key role in sourcing the opportunity and leading the due diligence process that secured the Canberra asset.

Chisholm Village is a metro neighborhood shopping center acquired off-market, located approximately 17 minutes from Capital Hill within a strong and established retail precinct. The 1.5-hectare center is anchored by a full-line Coles supermarket and complemented by 17 specialty tenancies and Anytime Fitness.

The center provides a strong convenience offering including multiple takeaway food outlets, cafés, a pharmacy, a news agency/Australia Post outlet, and a Coles Liquorland store.

The center's performance is further supported by the surrounding retail precinct, which includes Aldi, a BP service station, a childcare center, and a medical center, creating a strong local retail hub.

Under the Ganellen asset strategy, the following initiatives were undertaken to enhance the center's performance:

• Renegotiation and extension of Coles’ lease and other key tenant leases
• Subdivision and reconfiguration of tenancies to improve the retail mix
• Creation of new customer amenities and an outdoor dining precinct
• Reduction of operating outgoings to improve net income
• Introduction of national tenants to further diversify and strengthen the tenancy mix

These initiatives laid the foundation for the center's continued growth and positioned the asset for the further value-add initiatives that Manning Property Partners has since delivered following its acquisition in 2025.