Gasworks Plaza
Overview
Gasworks is one of Australia's best mixed-use precincts, providing a world-class retail, dining and lifestyle precinct. It is located within Newstead Riverpark, an urban renewal development less than 3 kilometres from the Brisbane CBD.
Gasworks Plaza is integral to the commercial, residential and retail heartbeat of the precinct. The centre caters to a diverse customer base including professionals, residents and commercial clients. Anchored by a full-line Woolworths, over 30 specialty stores, services, a gym and medical centre, Gasworks Plaza is a true convenience centre with a captive audience. The plaza's open-air dining options that surround the heritage outdoor gasometer draw further customers and create a lively atmosphere.
Asset Information
- Asset typeRetail
- Year built2014
- Asset locationBrisbane, fringe CBD
- Site area (hectares)2.31
- Lettable area ('000sqm)9.9
- Car parking spaces481
- OwnerDWAPF
- Ownership (%)100
- Major tenantWoolworths
- Acquisition dateDecember 2018
- Independent valuation dateJune 2023
- Independent valuation at ownership ($m)134
- Market cap rate (%)5.25
- Leased by area (%)100
- Weighted lease term by income (years)5.6
- NABERS Energy rating (without Green Power)5.0