Altone Park Shopping Centre

161 Altone Road, Beechboro, WA 6063, Australia
Fund

KAHI Property Trust

Sector

Commercial – Convenience Retail

City

Perth, Australia

Grade

Neighborhood Retail

NLA / GLA

8,116 sqm

Car Bays

418 Bays

Built In Year

1984

AEI Completion Date

Nov 2020

Category
Value Add Strategy

Altone Park Shopping Centre is a neighborhood shopping centre located in the inner suburb of metropolitan Perth, approximately 15KM north east of Perth CBD. The Centre is currently undergoing a major asset enhancement and refurbishment programme, with expected completion in Q4 2020. The upgraded convenience retail centre will be anchored by two supermarkets (a full-line Woolworths and a new ALDI), complemented by 25 specialty retailers, a free-standing Tavern and McDonald’s on pad sites.  The completion of this development will see the realization of a value add strategy of the fund, substantially increasing the income productivity on NLA and manufacturing core, increasing WALE from 2.6 years to 8 years.