Figtree Grove
Figtree Grove is a dual-supermarket anchored sub-regional shopping centre with Coles, Woolworths and Kmart, supported by a strong mix of national specialty retailers. The Centre has consistently delivered market-leading performance, with total centre productivity of $11,185/sqm — 60% above the Urbis benchmark — ranking it as the #1 centre in the Illawarra by total centre productivity. It has demonstrated resilient growth since 2018, with MAT increasing 11% and visitation up 6%, underpinned by 86% of GLA secured to national tenants.
The Centre occupies a high-profile 5.1-hectare site with exposure to over 20,000 vehicles daily via the Princes Highway, and benefits from its proximity to the Wollongong CBD, just 6km to the east, and direct motorway connectivity to Sydney, only 80 minutes by car. With a protected catchment, affluence well above the regional NSW average, and the only dual-supermarket anchored asset in the Northern Illawarra, the Centre enjoys a highly defensive market position.
Figtree Grove also offers significant development and expansion potential, with demand from national retailers and strong trade area fundamentals. The Illawarra region is experiencing robust growth, with population forecast to rise 1.2% p.a. and retail expenditure 3.6% p.a., supported by a 4.6% p.a. increase in per capita incomes. This outlook, combined with proven trading strength and limited competing retail supply, positions Figtree Grove as one of the most productive and strategically located sub-regional shopping centres in NSW.
Sub Regional
51,367
90
21,984
960
Tenants Include:
Centre Enquiries
Leasing
lewis@fawknerproperty.com.au, chris@advanceretailgroup.com.au
Commercial Partnerships
justin.kim@cbre.com
Property and General Enquiries
�info@candacek16.sg-host.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.
