Caneland Central is a regional shopping centre located adjacent to the Pioneer River in Mackay, Queensland, Australia. The centre has stores including a Myer department store, Coles and Woolworths supermarkets, Big W and Target discount department stores, Best & Less and Pillowtalk stores as well as the electronic store JB Hi-Fi. The centre is home to over 230 specialty stores,[1] of which the majority are related to fashion. Caneland houses two foodcourts, including one overlooking the Pioneer River.[2][3]
Since December, 2022, Caneland Central has been owned by Sentinel Property Group, which purchased the centre for $280 million from Lendlease’s Australian Prime Property Fund Retail (APPF Retail).
The centre is the largest shopping centre in the region, servicing more than 175,000 people. APPF Retail had owned and managed Caneland Central since 2001.
Securing Caneland Central followed Sentinel earlier in 2022 snapping up Darwin’s Casuarina Square shopping centre for $418 million in the syndicator’s biggest deal since it was established in 2010.
Sentinel CEO Warren Ebert said: “Like Casuarina Square, Caneland Central completely dominates its market. Every man, woman and child in Mackay comes to Caneland four times a month. You could never duplicate this centre and you also cannot find another 14ha site like this in the city, let alone even close to the city.”
Caneland Central first opened in 1979 and has since undergone significant redevelopments including a $230 million expansion in 2011, which introduced a new food court and dining precinct, as well as the Myer department store.
Sentinel carried out a renewable energy upgrade through the installation of a roof-mounted solar system, which the Group has also provided at its DFO retail complex in Cairns. A new moving walkway was also installed in the centre.
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