Karratha City Plaza
Karratha City Plaza is anchored by Woolworths, Coles and Kmart, complemented by The Reject Shop, Karratha Furniture & Bedding, Retravision, Red Dot, 51 specialty retailers and kiosks, three pad sites and an ATM. The single-level sub-regional centre spans 22,985sqm GLA and features 1,275 car parks, with high-quality finishes and excellent customer amenities. Karratha City is a highly productive retail destination, with a total centre moving annual turnover of $254.7 million (+10.6% YoY), and specialty sales $/sqm 36% above the Urbis benchmark.
The Centre benefits from its strategic location in the heart of the Karratha CBD, within the Pilbara region of Western Australia. The Pilbara is an economic powerhouse, representing 3.4% of Australia’s GDP and producing 94% of the country’s iron ore and 60% of its natural gas. Karratha itself has an annual economic output of $34 billion, with low unemployment and strong population growth, driving significant retail demand.
Karratha City is easily accessible via major road networks and provides convenient car parking and pedestrian access. The Centre draws from a substantial trade area population of 22,207 residents, with high exposure to both local workers and households. The dual supermarket offer of Woolworths and Coles, together with Kmart and specialty retailers, makes the Centre the top-performing sub-regional shopping centre in Western Australia and one of the highest-ranking nationally.
Sub Regional
88,411
59
22,985
1,357
Tenants Include:
Centre Enquiries
Leasing
alex.martin@fawknerproperty.com.au
Commercial Partnerships
tina.levien@cbre.com
Property and General Enquiries
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.
