Purchased 2015 During his tenure as Managing Director and partner at Ganellen Property, Richard Manning played a key role in sourcing and leading his team through the due diligence process to acquire this Canberra Asset.
Chisholm Village is a metro neighbourhood shopping centre that was acquired off-market. Just 17 minute's drive from Capital Hill, the 1.5ha centre is located within a strong retail precinct. Anchored by a full line Coles and complimented by 17 specialty stores and Anytime Fitness, the centre offers conveniences with multiple food takeaway shops, cafe's, a pharmacy, a news agency / Australia post office, and Coles Liquorland store. It's strong performance is also supported by the surrounding retail precinct, which includes Aldi, a BP service station, a child care centre and a medical centre.
The Ganellen Asset Plan:
- Renegotiated and extended the lease with Coles and other key tenants
- Subdivided tenants to improve the retail mix
- Created new customer amenities and outdoor dining precinct
- Reduced outgoings expenditure
- Added national tenants to further diversify tenant mix
Coles
Anchor Tenant17
Specialty Tenants5,043m2
Net Lettable Area205
Parking Spaces
