Kaipara Property Group has successfully exited its investment in HomeCentre Wagga Wagga, a former Masters hardware store transformed into a large format retail centre, becoming Wagga Wagga’s number 1 destination for auto, trade, sporting, adventure and homemaker needs. The property was sold in April 2025 for $45 million to Westbridge Funds Management.
The opportunity, originated by Kaipara off-market, comprised a 4-hectare property with ~17,000sqm of retail space and ample convenient on-grade parking. It was acquired in partnership with Argus Property Partners and the pair successfully secured 8 new national tenants on long leases and delivered two new pad sites for Oporto and Kickstart Espresso.
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