Sentinel Countrywide Retail Trust - Woodlands Village Shopping Centre
Date of Purchase
May '19 Net Distribution
About Sentinel Countrywide Retail Trust
The Countrywide Retail Trust is an unlisted property trust that has been created to acquire direct property ownership of a portfolio of neighbourhood shopping centres predominantly located in regional localities throughout Australia.
Countrywide Retail Trust is purchasing Woodlands Village Shopping Centre, Deeragun, Townsville, an established neighbourhood shopping centre with 4,474m² of lettable area, situated on an expansive 1.69 ha.
Anchored by ASX20 listed Woolworths, occupying over 56% lettable area and representing 40% of gross passing income.
Prominent position with 264 metre exposure to the Bruce Highway.
Strategic, established location, within the largest urban centre of North Queensland.
Benefits from proposed large scale investments including the 100 ha expansion of the Port of Townsville.
National tenants represent over 64% lettable area.
Opportunistic purchase at near cyclical low, 35% less than 2007 valuation.
The Sentinel Countrywide Retail Trust is an open ended Pooled Trust also compromising of Riverdale Shopping Centre Dubbo, The Plaza @ Emerald and The Village @ Emerald, Bathurst Chase Shopping Centre, Westside Plaza Broken Hill, Big W Atherton Cairns and Port Hedland Boulevard Shopping Centre.