Fresh new look taking shape

Published 10:58am 23 August 2022

Fresh new look taking shape
Words by Kylie Knight

Kallangur Fair Shopping Centre is already looking fresher and more like the community hub its new owners and managers want it to be.

Sydney-based investment firm Ganellen Asset Management bought the centre from a Singapore-based private investor for $22.45 million and took ownership and management of the property on August 1, 2021.

Since then, it has worked with some long-term tenants and new operators to freshen up the centre and the experience for customers.

One corner of the front of the centre has been opened up to create an outdoor dining area for new tenant Salt by Café One, which opened about two months ago.

Japanese restaurant oh my Sushi opened about the same time.

The opposite corner of the centre, near the entrance, will also be opened up in the coming months to create an outdoor dining area and a new tenancy for a restaurant offering lunch and dinner.

This will cost about $500,000 to be shared between the centre’s owner and the tenant.

A Discount Drugs Stores Pharmacy outlet is being fitted out inside and will offer a bigger product range than was previously available at the centre.

They have created two new tenancies for a café, with seating inside, and a kebab shop to open in the next few months.

Check out the photo gallery

Creating a community hub

Ganellen Real Estate Asset Management Managing Director Richard Manning says they are looking for other opportunities to create tenancies to improve the offering for customers.

“Neighbourhood centres part of the heart of the community and we feel happy we are doing something that adds a lot of value for the community,” Richard says.

The exterior has been painted and carpark enhanced.

|“We’ve had a lot of positive feedback. It’s come a long way and there’s still a long way to go, but we’re happy with how it’s progressing,” he says.|

Ganellen Real Estate Asset Management Managing Director Richard Manning says the firm has been investing in supermarket-anchored convenience centres for over 10 years.

This is its first investment in South East Queensland.

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