Western Australia’s neighbourhood shopping centre sector has begun 2026 with strong momentum, with Colliers confirming the successful sale of two neighbourhood shopping centres during the first quarter of the year, highlighting continued investor demand for essential retail investments.
Following the $53 million sale of Treendale Home + Lifestyle Centre, Colliers has now finalised the transactions of Carramar Village for $32 million and Trinity Village for $33 million, bringing the total value of retail transactions managed by the team in the first quarter to more than $118 million.
The three campaigns collectively generated more than 550 enquiries and 23 formal offers, demonstrating the depth of capital currently seeking exposure to Western Australia’s retail investment market. Richard Cash said the strong response across multiple campaigns underscores growing investor confidence in the state’s economic fundamentals and the resilience of neighbourhood shopping centres.
The assets represent a mix of established and newly developed retail centres across Western Australia and the state’s high-growth corridors, each providing a modern retail offering anchored by essential services.
Carramar Village, which opened for trade in 2009, is a Woolworths-anchored neighbourhood shopping centre located within Perth’s northern corridor and comprises 5,337sqm of gross lettable area across a strong mix of supermarket, convenience and service-based retailers.
Trinity Village, located in Alkimos and opened in 2019, is anchored by Coles and supported by a complementary mix of fresh food, medical and essential services across 7,634sqm of gross lettable area.
Richard Cash, State Chief Executive, WA said “the centres represent high-quality, modern retail assets with strong tenant mix’s that continue to perform well within their respective catchments. A key theme emerging from the campaigns was the depth of unsatisfied capital competing for quality neighbourhood retail assets, with buyer interest coming from private investors, syndicators, family offices and institutional capital across Western Australia and the eastern seaboard.”
The $32.15 million sale of Carramar Village and the $33.07 million sale of Trinity Village were both secured by Harmony Property Investments, which is continuing to expand its exposure to Western Australia through its neighbourhood retail fund.
Colliers Head of Retail Middle Markets | Australia James Wilson said “The Colliers Retail Middle Markets team recorded more than $260 million in Neighbourhood Shopping Centre transactions nationally in Q1 2026, reflecting strong demand from private capital, syndicators and institutional investors. We expect competition for investment-grade retail assets to remain strong as development pipelines tighten and supply remains limited.”
The transactions further reinforce Colliers Retail Middle Markets’ strong track record in connecting domestic and national capital with high-performing essential retail assets across Australia.
