Retail Investments
Centennial creates places that connect people, business and culture. With a focus on community, convenience and creating enjoyable spaces.
Investing in Retail Property
As economic conditions and real estate fundamentals turn favourably towards retail assets, so too does Centennial’s attention towards the sector as it seeks the best real estate opportunities to maximise returns for investors.
Retail spending has proven highly resilient through COVID, interest rate rises and other cost of living pressures. This coupled with limited new supply has positioned the sector perfectly for growth.
Investing in a Centennial-backed retail property fund gives investors access to strong performing subregional, neighbourhood and large format retail centre assets in some of Australia’s fastest growing population centres.
RETAIL PROPERTY INVESTMENTS
Why invest in a retail property fund?
Centennial is expanding its investment reach into Australia’s burgeoning subregional, neighbourhood and large format retail centres
As a specialist investment manager, Centennial is widely regarded for its strong results generated from Australia’s mid-space, last mile metro industrial + logistics sector with ~$1.9bn of industrial assets under management and robust development pipeline.
Centennial’s broad experience in identifying misunderstood and mispriced industrial assets is being replicated into Australia’s subregional, neighbourhood and large format retail centres that show similar characteristics to our industrial platform. We invest in real estate assets alongside our wholesale investors with the underlying objective of generating stable income streams and capital growth for our retail fund investors.
WHY INVEST IN RETAIL?
Our Investment Approach
Centennial’s disciplined approach to retail investment focuses on dominant trade area assets, underpinned by data-driven return thresholds.
Sub regional + Neighbourhood Shopping Centres
Sub regional and neighbourhood shopping centres are making significant inroads as commercial real estate investment asset classes as investors look for stable, defensive investments that retail centres, particularly those geared towards non-discretionary spend such as supermarkets and services can offer.
The Centennial Retail Platform was established to focus on non-discretionary and convenience-based retail property, particularly in neighbourhood shopping centres.
Our goal is to grow each asset’s value through investment in expansion or redevelopment to create innovative and sustainable retail spaces, underpinned by investment criteria including:
- Dominant neighbourhood and sub-regional shopping centres in their catchment area
- Located in regional centres experiencing strong population growth
- Buoyant centres benefiting from strong tenancy mixes geared towards non-discretionary products, services and essentials
- Anchored by minimum of two major national tenants
Large Format Retail (LFR)
The LFR segment is attractive given its evolving role on the retail landscape offering scale, adaptability and strong consumer alignment.
The Centennial Large Format Retail platform will capitalise on near-term opportunities emerging in metro LFR precincts, with a strategic focus on capital city outer-metro growth corridors.
Large format retail investment rationale:
- Replacement cost arbitrage - construction costs restrict competition
- Sector mispricing
- Rental reversion uplift
OUR PURPOSE
Creating Value
Active Management
Improve tenant mix and quality, drive net operating income and limit operating expenses.
Redevelopment
Value accretive capex to expand or redevelop underutilised components of the centre.
Institutional Level Assets
Improve physical presentation of assets to make attractive to institutional investors on exit.
MANAGER TRACK RECORD
MANAGEMENT
IRR FOR SOLD PROPERTIES
*As at 1 July 2026
ABOUT THE MANAGER
Why Centennial?
Centennial is a specialist investment manager, delivering superior and sustainable real estate outcomes.
Backed by a leadership team that has worked for the country’s top ASX-listed companies specialising in industrial property investments, REITs, industrial funds management, large-scale retail centres and property trusts, Centennial’s strong track record is evidenced by its current portfolio of $2.8bn in assets across industrial, commercial, retail and mixed-use sectors.
It has a fully integrated management platform across acquisitions, asset and funds management and development management functions and a proven track record, delivering ~20% IRR on realised investments (~$2.1bn of realised assets) across core, core+, value-add and development.
Centennial has a diversified capital base, with approximately half its assets under management across institutional mandates and the balance across private wealth/high net worth managed capital.
Centennial’s demonstrated hands-on-approach through a dedicated team at the coalface enables the company to actively manage assets while enhancing tenant customer experiences to add long-term value for our investment partners.
OUR INVESTMENT PORTFOLIO
Retail
*As at 1 July 2026
- Retail
77-95 North Lakes Drive, North Lakes, QLD
- Retail
Portside Wharf, Hamilton, QLD
- Retail
Hinkler Central Shopping Centre, QLD
- Retail
Village on Summer Street, Orange, NSW
Register your Interest
Should you be interested in investing or would like further information, please fill in your details and we will be in touch.
Please note that we are only able to accept investors who are ‘Wholesale Clients’ under the Corporations Act 2011 (Cth).