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 the Kogarah Shopping Centre.
In 2016, this strategic acquisition was made, with the centre located above and adjacent to the Kogarah train station. The following year, 2017, saw the purchase of the neighbouring service station and commercial site, which completed the vision of transforming the property into a significant future development opportunity by consolidating the entire island block.
The site’s prime location next to the train station offers a strong, diverse tenant mix that not only delivers robust returns but also aligns with the long-term master plan for future growth and development.
Sydney metropolitan location, only 20 kilometres south of CBD evolving suburb, underpinned by infrastructure of Public + Private Hospitals and 9 Schools. Large trade area of 62,450 people and a thriving industry which attracts 160,000 customers per week through the pay stations (TFNSW). With strong growth prospects underpinned by increasing density.
A modern thriving shopping centre, which uniquely links directly into the Kogarah Railway Station (with circa 8.3m commuters pa), one of the busiest in Sydney metro. Located in the heart of the rapidly improving Kogarah CBD.
Anchored by Woolworths and ALDI supermarkets, together with 23 predominantly; food and retail service specialities including Medical.
The Ganellen Asset Plan:
Woolworths, Aldi
Anchor Tenant23
Specialty Tenants6,450m2
Net Lettable Area204
Parking Spaces
