Brisbane: High level of interest expected for sale of Doolandella retail corner site
High level of interest expected for sale of Doolandella retail corner site
Expressions of Interest close Thursday April 9
BRISBANE, 18 March 2020 – JLL’s Campbell Bowers and Jacob Swan, in conjunction with CBRE, have launched the sale campaign for 7-Eleven Doolandella, in Brisbane’s outer-west.
Expected to attract strong interest from the market, the property comprises a brand-new large format convenience centre anchored by 7-Eleven on a 15-year lease and supported by four specialty retailers. The site occupies a 5,237sqm corner site fronting a signalised intersection and shares access with an adjoining 24-hour trading McDonalds.
JLL’s Campbell Bowers said, “‘Early feedback from the market has been really positive, and we are expecting a high level of interest. The demographic of Doolandella perfectly suits what the centre offers, with trade also being supported by the adjoining McDonalds.”
“We expect investment to remain strong through 2020, driven by the current low interest rate environment. Investors will also value the security that prime assets offer when compared with the volatility present in other markets,” Bowers continued.
The property is being offered for sale via Expressions of Interest closing Thursday 9 April at 4pm
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 93,000 as of December 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
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