The original purchase and development of the 3.2ha site was undertaken as a 60/40 Joint Venture between QUBE and specialist local shopping centre developer, Erceg Management.
The Property is anchored by a 20-year lease to Woolworths and benefits from a broad and mature catchment comprising around 1,100 lots, also developed by QUBE.
The Centre was developed by QUBE to deliver long-term capital and income returns to the joint venture partners and QUBE investors.
QUBE investors hold their interest as shareholders of a single-asset QUBE company with distributions paid as franked dividends to shareholders quarterly.