Lutwyche City Shopping Centre has now been rebranded to Lutwyche Market Central following a major redevelopment of the property. Lutwyche Market Central is a large format four level enclosed neighbourhood shopping centre, located 5km north of the Brisbane CBD in the heart of Lutwyche, an established inner city residential suburb. The centre is the dominant convenience centre servicing local residents and is well located with exposure to major transport corridors and the local public transport hub.
Upon completion of redevelopment works, the centre will have a new Aldi and Woolworths as well as a fully refurbished Coles supermarket. The centre will be positioned as a super convenience retail centre with a focus on fresh food, dining and services. The centre has also become an office hub dominated by government or government funded tenants that require flexibility and convenience outside of the CBD.
| Ownership interest | 50% |
| Cap rate | 5.75% |
| Valuation date | June 2019 |
| Acquisition date | October 2015 |
| Site area | 21,946m2 |
| Net lettable area | 18,648m2 |
| Occupancy | 59% |
| WALE by income | 4.41 |
| Rent review stucture | CPI and Fixed |
| Major tenants by income | Coles and ALDI |
| Parking spaces | 823 |
| Valuation range | $60-80 million |