Lisarow Plaza has been sold by Colliers for $31M to a NSW-based private investor.
The 5,250sqm shopping centre is anchored by a full-line Coles supermarket and Liquorland.
The highly competitive campaign generated 255 inquiries, with 45 groups entering the data room.
The Colliers team of James Wilson and Ben Wilkinson secured the sale.
“Lisarow Plaza was highly contested by both local and offshore private capital, highlighting the increased investor competition for NSW non-metro shopping centre investments,” Wilson said.
“Buyer appetite has strengthened in Q1 based on forecast interest rate cuts and positive retail spending figures released for non-discretionary retail sub sector.”
Wilkinson said a growing number of offshore private capital mandates were willing to invest selectively outside metropolitan Sydney given the limited supply of quality NSW neighbourhood shopping centres.
The Australian retail sector saw $1.655B sold in the first quarter of 2025, up 75% on the corresponding time period of 2024, Colliers data shows.
The 3,697sqm Coles is supported by 16 specialty tenants and two ATMs, serviced by a convenient on-grade carpark for 274 cars with significant shade sail coverage and two click and collect spaces.
Lisarow Plaza occupies a prime site on the corner of Parsons Rd and the Pacific Hwy.
It has excellent frontage to the Pacific Hwy.
I wish the current owner would sell the Wyoming shopping centre it may then have tennants.
Wyoming Shopping Centre is an eyesore and embarrassment to the suburb. It’s mouldy exterior is just an extension of the barren environment that greets you as you walk into its doors with more vacant shops than there are tenanted. Begs the answer as to why??
Way…way….overdue for Reno, much like many areas …..if only the beautiful entry to the coast could follow over some other locations on the coast…..really broken down these days…..
Wyoming was the place to be 50 years ago, but now, some spots, not the case, including this shopping centre…..
I actively try and avoid the Wyoming shops and make my way to Lisarow since it’s a much better experience. The last time I was at Wyoming shops a group of kids were playing handball in the centre, as I walked past a ball struck me in the head, safe to say I won’t be returning to this fossil of a shopping centre