Charter Hall expands its convenience retail portfolio with $216 million of acquisitions
Share this page
LINKEDIN
FACEBOOK
TWITTER
EMAIL
2 mins
Share
By proceeding you confirm that you are a resident of Australia or New Zealand accessing this website from within Australia or New Zealand and you represent, warrant and agree that:
- you are not in the United States or a “U.S. person”, as defined in Regulation S under the U.S. Securities Act of 1933, as amended (“U.S. Person”), nor are you acting for the account or benefit of a U.S. Person;
- you will not make a copy of the documents on this website available to, or distribute a copy of such documents to, or for the account or benefit of, any U.S. Person or any person in any other place in which, or to any other person to whom, it would be unlawful to do so; and
- the state, territory or province and postcode provided by you below for your primary residence in Australia or New Zealand are true and accurate.
Unfortunately, legal restrictions prevent us from allowing you access to this website. If you have any questions, please contact us by e-mail by clicking on the link below.
Charter Hall has expanded its
convenience retail platform through three acquisitions valued at $216.7
million, strengthening its presence across key growth markets in Queensland and
South Australia.
The acquisitions have been
completed through the Charter Hall Convenience Retail Fund (CCRF) and include
the $136.7 million purchase of Pavilions Palm Beach and Yeerongpilly Green
Riverside Village in Queensland, together with the recent acquisition of Bunnings
Prospect and Churchill Centre South in Adelaide for $80 million.
Pavilions Palm Beach is a
Coles-anchored neighbourhood shopping centre on the southern Gold Coast, while
Yeerongpilly Green Riverside Village is a Woolworths-anchored centre located
within Brisbane's Yeerongpilly Green mixed-use precinct. Together, the centres
provide 15,620 square metres of gross lettable area and are underpinned by
major supermarket anchors and a complementary mix of convenience-focused
retailers.
The Bunnings Prospect and
Churchill Centre South acquisition adds a strategically located large format
retail precinct in metropolitan Adelaide, anchored by Bunnings and supported by
a diversified mix of national retailers. The fully leased asset occupies a
prominent 5.4-hectare site within Adelaide's established Churchill Road retail
corridor.
Ben Ellis, CEO Retail for Charter Hall said, "These acquisitions continue our focus on growing CCRF and the Charter Hall managed platform into Australia's largest owner of convenience-based shopping centres."
The Queensland acquisitions are
scheduled to settle on 30 September 2026. The portfolio was acquired from
Consolidated Properties Group and CVS Lane Partners.
Charter Hall Managing Director & Group CEO, David Harrison, said, "We have continued our long-standing relationship with Don O'Rourke's CPG, with more than $500 million of transactions completed together over two decades."
The acquisitions further strengthen Charter Hall’s portfolio across Australia's growing convenience retail sector, adding high-quality assets supported by non-discretionary spending and strong national tenant covenants.
-(1)-(2).tmb-news.jpg?Culture=en&sfvrsn=2382e4d9_1 "ASX Announcement")
---hero.tmb-news.jpg?Culture=en&sfvrsn=ac1b5e9b_1 "ASX Announcement")
Talk to us
Thanks for your interest in Charter Hall. Fill in your details below and we’ll get back to you as soon as possible.
I am interested in
Enquiry
*Indicates that this field is required.
All personal information submitted will be treated in accordance with our privacy policy.
By registering and/or submitting personal data to Charter Hall, you agree that, where it is permitted by law and in accordance with our Privacy Statement or where you have agreed to receive communications from us, Charter Hall may use this information to notify you of our products and services and seek your feedback on our products and services. Please note you can manually opt out of any communications.
-
© Charter Hall Group, 2026.
- Terms of Use
- Privacy Policy
- Complaints Guide
