Carindale Property Trust (ASX: CDP) — Company Overview, News & Financial Data
Carindale Property Trust is an Australian real estate investment trust that owns a 50% joint venture interest in Westfield Carindale, a major regional shopping center located in Brisbane, Queensland.
Carindale Property Trust
Carindale Property Trust is an Australian real estate investment trust that owns a 50% joint venture interest in Westfield Carindale, a major regional shopping center located in Brisbane, Queensland. The retail center features major department stores, discount department stores, supermarkets, a multi-screen cinema complex, a dedicated bulky goods center, and approximately 370 specialty stores. The trust is externally managed by Scentre Management Limited, part of Scentre Group, generating rental and investment revenues from its half ownership of the shopping center and adjoining commercial retail properties.
Snapshot
Operations
Products and/or services of Carindale Property Trust
- Department Store Leasing: Securing long-term anchor tenancies with major national department stores and discount department stores, providing large-format retail footprint that drives core foot traffic and stable rental income streams across the shopping center.
- Supermarket Retail Space: Provision of dedicated retail premises to major national supermarket chains and fresh food grocers, serving as primary daily-needs anchors to attract regular customer visits and generate consistent operational rental revenue.
- Specialty Store Tenancies: Leasing and managing tenancies for approximately 370 specialty retail stores encompassing fashion apparel, footwear, beauty, jewelry, technology, and specialty services to maximize rental yield and tenant diversity within the property.
- Bulky Goods Retail: Managing an adjoining specialized home and leisure center focused on bulky goods retail, offering spacious showroom floor layouts for furniture, bedding, electronics, and home improvement retailers.
- Entertainment Precinct Leasing: Hosting entertainment and leisure premises including a multi-screen cinema complex alongside food court and dining options to provide comprehensive lifestyle experiences that extend patron dwell time and center visits.
- Asset Management Operations: Directing active center management, ongoing capital improvements, facility operations, and strategic leasing initiatives through an external management agreement to maintain property valuation and optimize distribution returns.
Carindale Property Trust executive team
- Mr. Elliott Chaim Aaron RusanowCEO, MD & Executive Director of Scentre Management Limited
- Mr. Andrew M. ClarkeCFO & Director of Investor Relations at Scentre Management Limited
- Ms. Maureen Therese McGrathGeneral Counsel & Compliance and Secretary of Scentre Group
- Mr. Paul F. GiugniGeneral Counsel & Company Secretary of Scentre Group