Portside Wharf Trust
A landmark premium retail precinct, strategically located in a high growth affluent Brisbane suburb.
- Bids close: 2 May 2025 (or earlier if fully subscribed)
- Allocations confirmed: 7 May 2025
- Funding due: 28 May 2025
Centennial is excited to provide the opportunity to invest in Portside Wharf – a destinational retail, dining and entertainment precinct, strategically located in the affluent suburb of Hamilton, Brisbane.
Located just 7km from Brisbane CBD, the asset sits within the Northshore Hamilton Priority Development Area, a unique recreation and tourism destination. This prime riverfront property is set to benefit from $45.9 billion in projected retail expenditure and 18% population growth by 2041.
An institutional grade retail precinct which underwent $9m refurbishment and expansion in 2024, with 68 tenancies providing strong income diversification.
9.0% p.a.
Target average distribution yield
17% p.a.
Target IRR
5 to 7 year
Investment term
86%
Occupancy
68
Tenancies
Landmark location
Just 7km from Brisbane CBD
Asset overview
A premium waterfront retail precinct with a diversified and growing income profile.
The property comprises 13,731 sqm of GLA and 398 car parks operated by Secure Parking.
This property’s income is highly diversified via 68 tenancies across multiple tenancy types, strong major tenants, and fixed annual reviews providing income growth.
The property is undergoing an active reposition strategy with strong momentum, multiple value-add options available and leveraging one of Brisbane’s most experienced retail experts to maximise value.
Location overview
Strategically located 7km north-east of the Brisbane CBD on the riverfront, in the affluent suburb of Hamilton.
The Portside Wharf trade area within a 20-minute drive time is projected to increase to over 1,000,000 residents by 2041, representing an 18% increase. The centre is surrounded by 2,000 apartments with an additional 14,000 dwellings planned for the area.
Portside Wharf occupies a prime location in the heart of the Northshore Hamilton Priority Development Area, a unique recreation and tourism destination. The area is set to undergo a major transformation, including a $12bn government backed renewal precinct.
Source: Location IQ Report July 2024
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Register interest
Complete this form to register your interest in the Centennial Portside Wharf Trust and our Investor Relations team will be in touch.
Get in touch
Should you have any queries, please get in touch with our Investor Relations team below.
Lyle Hammerschlag
Executive Director of Private Wealth
Dylan Tomkins
Director of Wealth Management
Nelmari Oelofsen
Investor Relations Manager
This part of Centennial Property Group’s website has been prepared by Centennial Property Group Pty Ltd (ABN 26 151 746 977) and Centennial Financial Services Pty Ltd (ACN 162 617 843, AFSL 436802) (together Centennial). It does not take into account your objectives, personal circumstances or needs. Nor is it an offer of securities. The information memorandum for the relevant financial product will contain full details of the terms and conditions of investment and should be read in full, particularly the risk section, prior to lodging any application. All investments involve risk and can lead to loss of your capital or diminished returns. Centennial is only licensed to provide general financial product advice about its products and recommends that after you receive the information memorandum for this financial product, you seek advice on the suitability of the investment outlined in this document to your objectives, financial situation and needs from your professional advisers.
