Launceston Everyday Retail Centre
Date of Acquisition: December 2022
Key Tenants: BCF, Supercheap Auto, Beacon Lighting, Rabobank
Number of Tenancies: 4
Lettable Area: 3,400sqm
Car Parks: 41
Quanta Launceston Retail Trust
Established
Dec 2022
Property Valuation
$13.5M
Single Asset
Closed Ended
Distribution p.a. (cents per unit)
8.00c
Lettable Area
3,400sqm
The Everyday Retail Centre located at 1-15 St John Street, Launceston, is a heritage listed large format retail centre in the heart of Launceston’s CBD. It is 100% leased to ASX national tenants being BCF, Supercheap Auto, Beacon Lighting and one of Europe’s largest banks, Rabobank. The centre was refurbished and redeveloped in 2012. The Property benefits from high exposure from three street frontages and is in close proximity to other large format uses such as Anaconda, Harvey Norman, Bunnings, Officeworks, Spotlight, JB Hi Fi and The Good Guys. The Trust will have a term of 7 years with an anticipated investment horizon of 5 years.
Assets in this Trust