Investment
Status
Full
Purchase
Price
$418M
Date of
Purchase
Mar '22
Apr '24 Net
Distribution
6.00%
About Casuarina Investment Fund
‘Casuarina Square’ is the largest shopping centre in the Northern Territory and one of Darwin’s largest private-sector employers.
The centre is anchored by Woolworths, Coles, Kmart, Big W, and BCC Cinemas with 190 supporting tenancies. The variety of revenue streams includes a 303-bed student accommodation facility leased to Uni-lodge.
‘Casuarina Square’ currently consists of a lettable area of 63,597 sqm, on a site of 11.79 hectares. Additionally, the site has substantial development potential, with the current town plan allowing an additional 54,282 sqm of building area.
The centre has 2,400 car parks, and it is directly serviced by the Casuarina Bus Interchange, which runs over 500 bus services daily, making it an accessible and practical destination yielding an average of 8.2 million visits every year.
It is Darwin’s geographic and social epicentre, strategically located at the intersection of the two major traffic routes into Northern Darwin, and is positioned as Northern Darwin’s natural hub for retail, lifestyle and other supporting mixed-use activities. ‘Casuarina Square’ is located centrally between the Charles Darwin University campus, the Royal Darwin Hospital, and the Darwin International Airport.
Gallery
Location
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