HomeCentre Wagga Wagga is a 4.13ha property comprising a single level warehouse style retail centre with a total GLA of 16,816sqm across two buildings, tenanted by leading national large-format retailers.
#TheKaiparaAdvantage: Kaipara acquired the asset off-market with Argus Property and is undertaking a re-positioning through strategic and targeted leasing initiatives to drive net income uplift, tenancy mix optimisation and WALE extension.
Achievements:
Within 6 months of acquisition, opened over 6,000sqm across 3 new tenancies
Short-term income opportunities maximised
3 new long term leases over large areas
2 pad site operators agreed, DA underway to develop
