Cairns Central
Cairns Central is anchored by Myer, Kmart, Coles, Woolworths and Event Cinemas, along with specialty retail and food precinct offerings. The centre is an enclosed, two-level regional shopping centre with high-quality finishes and excellent customer amenities. A major $64m upgrade was completed during the pandemic, including a new Woolworths, a refreshed food precinct, downsizing and refurbishment of the Myer tenancy, and improvements to specialty retail spaces, resulting in increased sales and reduced occupancy costs across majors and specialties.
The centre benefits from its strategic location in the heart of Cairns’ Central Business District, directly connected to Cairns Railway Station and adjacent to key transport corridors. Cairns Central is accessible via Bruce Highway and is well-serviced by bus connections throughout the CBD and surrounding suburbs. The centre’s positioning ensures strong exposure to local residents, employees, and returning tourism, while benefiting from limited competition in the region.
Cairns Central services a dominant trade area population of 241,208 (forecast to reach 297,898 by 2041) and total retail spend of $3.6bn (forecast to reach $6.9bn by 2041). The asset’s tenancy mix, anchored by essential services, ensures resilience and stable long-term performance, while value-add opportunities remain through leasing strategies and rental growth potential.
Non-Metro Regional
73,080
172
51,972
2,564
Tenants Include:
Centre Enquiries
Leasing
lewis@fawknerproperty.com.au
Commercial Partnerships
ivan.quintieri@cbre.com
Property and General Enquiries
cairnscentralcsd@cbre.com
IMPORTANT INFORMATION
Fawkner Property Ltd (ABN 49 147 265 281) holds an Australian Financial Services Licence (No. 437334) that authorises it to operate registered managed investment schemes. Where you are considering making investments in Fawkner products and services you should obtain a copy of the relevant target market information (TMD) for the fund that you are interested in. If after reading the TMD you would like to obtain further information you can contact us at info@fawknerproperty.com.au or by calling (03) 9856 4577. All product material is prepared based on the information we have available at the time and while all care has been taken in preparation any forecasts, opinions and estimates provided are based on assumptions, contingencies and market conditions which are subject to change without notice, and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct, and should not be relied upon as an indication of future performance. Past performance is not a reliable indicator of future performance. Distribution forecasts are subject to the risks outlined in the product information material and distributions may vary in the future. Fawkner is not responsible for providing updated information to any person. If you are considering an investment in any fund (or deciding to continue to hold units in any fund) you should read the product material and consider all available information in relation to the offer, in particular information on the benefits and features of the relevant fund and the risks of, and fees and costs associated with, investing in a fund. Any investment is subject to risk, including possible delays in payment and loss of income and principal. Neither Fawkner, nor any of its associates, related entities or directors guarantee the performance of any investment or the repayment of monies invested. Fawkner will receive fees for operating its funds, in accordance with the relevant fund constitution. Related entities may also receive fees for managing the assets of, and providing resources to funds some of which are based on the value of a fund's assets. For more detail on fund fees, see the offer document for the relevant fund. You should read the offer document for a description of the risks associated with investing in a fund. You should read the TMD for a description of the target market for the fund.
