Qube Property

Springs Shopping Centre

130-131 Bridgeman Drive, Bennett Springs

Springs Shopping Centre at 130-131 Bridgeman Drive Bennett Springs is a Woolworths anchored neighbourhood size shopping centre with 8,000sqm of GLAR. The centre is home to another 25 national and local specialty retailers spanning medical, pharmacy, dental, allied health, childcare, hospitality and numerous dine-in/takeaway food outlets.

Quick Facts

  • Property Type: Retail
  • Anchor Tenant: Woolworths
  • Hold Period: 2008 to present
  • Construction Commenced: 2008
  • Practical Completion: 2010
  • Average Investor Subscription: $130,000
  • Minimum Subscription: $50,000

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.

Register Interest for Springs Shopping Centre

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