Newcastle CBD shopping centre hits the market complete with woolies

A CBD neighbourhood shopping centre complete with a Woolworths supermarket has been brought to market.

The 100 per cent freehold interest in the East End Village gives investors an opportunity to secure a high-quality, supermarket-backed retail asset in the heart of Newcastle's CBD, selling agent Colliers says.

At 5 Perkins Street, the 2775-square-metre retail centre is part of Iris Capital's landmark $1 billion East End Village precinct that integrates residential apartments, hotel accommodation, retail and public spaces across four revitalised city blocks.

The centre has a 1120-square-metre Woolworths Metro supermarket, and a mix of food, service and convenience retailers catering to the growing CBD residential population, office workforce and visitors.

Colliers' James Wilson, Peter Macadam and Ben Wilkinson will manage the expressions of interest campaign.

"East End Village presents a rare opportunity to acquire a modern, CBD-based neighbourhood centre underpinned by one of Australia's strongest supermarket covenants," Mr Wilson said.

"With Woolworths securing 40 per cent of the gross lettable area and annual rental reviews across specialty tenancies, the asset offers a compelling combination of income security and embedded growth."

Woolworths' lease expires in February 2031 and includes three further five-year options with fixed 5 per cent rental uplifts at the commencement of each option term.

The tenancy profile is heavily weighted towards non-discretionary retailing.

"Newcastle has undergone significant revitalisation over the past decade, supported by substantial public and private investment in infrastructure, lifestyle amenity and mixed-use development," Mr Macadam said.

"Neighbourhood centres of this scale and quality within the CBD are tightly held, particularly those embedded within a large-format urban renewal precinct."

Newcastle continues to benefit from major infrastructure and cultural investment including the expansion of the Newcastle Art Gallery and upgrades to the Newcastle Ocean Baths, reinforcing the city's long-term growth trajectory and appeal as New South Wales' second-largest urban centre.

East End Village is being offered for sale via expressions of interest, closing 2pm on Thursday, March 26, 2026.

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