Churchill Centre North Investment Trust 1

ICAM acquired 50% of this shopping centre in February 2018 and it has performed very well for our investors.

Churchill Centre North is a modern sub-regional shopping centre featuring Adelaide’s only Costco store,  one of South Australia’s best performing Coles supermarkets as well as Kmart and Aldi as major tenants together with a wide mix of non-discretionary retailers and 7,000 sqm surplus land offering further development potential.

Investment highlights

• WALE of 7.3 years by area (as at 30 June 2021)
• 99% occupancy
• Anchored by a quality global and national tenant mix including Adelaide’s first and only Costco store in addition to Coles, Kmart & Aldi
• 12,000 sqm of surplus land available for future development
• Strong population growth in catchment area
• Prime location only 7km from the Adelaide CBD