Highly sought $1bn Australian eastern seaboard retail portfolio to come to market

One of the largest privately held, Australian retail portfolio offerings to come to market in almost a decade, is set to launch next month, with the collection of high-performing retail assets across Sydney, Melbourne, Brisbane and the Gold Coast expected to attract significant domestic and offshore investor interest.

Offered as a portfolio acquisition opportunity in one line on behalf of Brisbane based Jen Retail Properties, the highly unique platform opportunity has an anticipated value of more than $1 billion, making it the largest retail portfolio offering to hit the Australian market since 2018.

CBRE's Pacific Head of Retail Capital Markets Simon Rooney has been exclusively appointed to manage the five-week Expressions of Interest campaign, which is scheduled to launch in early September and close in late October.

The portfolio comprises eight assets progressively acquired over a 30-year period, strategically positioned within key eastern seaboard markets, including Sydney's Market City, Melbourne's Spencer Outlet Centre, the Gold Coast's Q Super Centre, and a collection of retail and commercial assets in Brisbane's affluent western corridor and CBD.

Collectively, the assets have a gross lettable of more than 122,500sqm, comprising seven shopping centres and one commercial office tower.

Mr Rooney said opportunities of this scale and quality were exceptionally rare, offering investors an immediate and strategic, high-quality investment platform, with a sought-after geographic footprint across Australia's eastern seaboard.

“The portfolio combines dominant metropolitan and CBD retail assets, strong convenience-based shopping centres and complementary commercial real estate in some of the country's most densely populated and supply-constrained markets,” Mr Rooney noted.

“We expect considerable interest from local and offshore institutional investors and private interests, reflecting the depth of capital seeking well-connected metropolitan and CBD retail assets with strong convenience, food, service and non-discretionary and entertainment fundamentals.”

Chief Executive Officer at Jen Retail Properties, Sandra Kairl said the listing marked the start of a new chapter for the business.

“Since Denis Jen established Jen Retail Properties in 1991, previously Intro International, we have grown and succeeded thanks to the dedication, expertise and commitment of our people, many of whom have contributed years and even decades to the business. Their loyalty, passion, hard work and commitment has been vital to the company's success and reputation. Alongside us have also been our retailers and commercial tenants whose relationships we value enormously. We look forward to this new chapter for the business,” Ms Kairl said.

Mr Rooney said assets located within areas benefiting from attractive population growth, infrastructure investment and major transport connectivity continued to be highly sought after, with the Jen Retail Properties portfolio exceptionally well positioned to capitalise on those themes.

The sale campaign follows a considerable strengthening in investor conviction in the retail sector over the past 18 months, which has led a surge in transaction activity, with more than $12.7 billion in retail investment transactions in 2025.

“Domestic and offshore institutional capital is actively reallocating into Australian retail assets. This evolution was highlighted in the second quarter of 2026, which saw 45 transactions totalling approximately $4.05 billion,” Mr Rooney said.

“Capital is increasingly flowing toward high-barrier metropolitan assets that offer resilient income streams, strong customer visitation and clear short, medium and long-term growth potential.”

The Jen Retail Properties portfolio benefits from a diverse, resilient and high-quality tenancy profile, underpinned by long-term leases to leading national retailers, boasting a long-term history of high occupancy and robust trading performance. The offering comes amid continued strength in Australia's retail property sector, driven by resilient consumer spending, low metropolitan vacancy rates below 3%, and projected retail sales growth reaching approximately $530 billion by 2030.

Portfolio Assets

Sydney

Market City, Haymarket
• 28,186sqm GLA including Paddy’s Markets and Hay Street Markets precinct.
• Approximately 80 retailers across three levels
• Anchored by TK Maxx, Cotton On Mega, Adidas, Foot Locker, Bonds and Thai Kee IGA
• 627 car spaces
• Positioned in the heart of Sydney's Chinatown and University precinct

Melbourne

Spencer Outlet Centre
• The only retail hybrid outlet centre with the core Melbourne CBD
• 23,156sqm GLA
• Directly adjoins Southern Cross Station
• Anchored by Coles, Harris Scarfe, Chemist Warehouse, TK Maxx and Cotton On Mega Store
• 104 specialty retailers
• 780 car spaces

Gold Coast

Q Super Centre
• Community-focused sub regional convenience retail centre at Mermaid Waters
• 21,796sqm GLA
• Anchored by Woolworths, Coles, Aldi and Bunnings
• More than 70 retailers, including dining, fresh food and service offerings
• Exposure to more than 145,000 vehicles daily across Bermuda Street and Markeri Street
• 1,006 car spaces

Brisbane