Capitalising on the ongoing demand for convenience-based retail investments, Woolworths has listed two neighbourhood shopping centres outside the Brisbane CBD on the market.

Both centres are anchored by Woolworths stores on long-term leases. The properties are expected to draw interest from both domestic and offshore institutional investors, unlisted property funds and private buyers.

CBRE’s Michael Hedger, Joe Tynan and James Douglas, along with JLL’s Jacob Swan, Sam Hatcher and Ned McKendry will oversee the sale of the Dakabin and Bannockburn centres.

“Based on recent campaigns, it is evident that high net-worth investors have been the dominant purchaser group as they target long-term income streams and assets like Bannockburn and Dakabin that offer strong investment fundamentals,” said Hedger.

The 5590sqm Woolworths Dakabin centre sits 27km north of Brisbane CBD and hosts medical and allied health tenants who contribute 15 per cent of its income.

Woolworths Bannockburn lies 36km south of the CBD, fronting Beaudesert Beenleigh Road. 

The 4426sqm centre has eight specialty tenants besides the supermarket, including medical, food and beverage retailers.

JLL’s Swan added both properties have been “carefully curated” to the highest standard by Woolworths and have been designed to “maximise” consumer convenience and accessibility.