Churchill Centre North Investment Trust 1

ICAM acquired 50% of this shopping centre, located 7km from the Adelaide CBD in February 2018 and it is performing very well for our investors.

Gross Asset Value
$ 0 M

(50% stake)


Target Income Yield

(Average over 5 years)

Target IRR
0 %

(Excluding development upside)

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

Our Centre’s performance has been strong with turnover increasing 13% Y-o-Y, with further growth forecast as the catchment area continues to expand.

Investment Highlights

Anchored by a quality global and national tenant mix including Adelaide’s only Costco in addition to Coles, Kmart, TK Maxx & Aldi

6.2-year WALE

98% Occupancy

Significant upside with c.10,000sqm of surplus land with potential for future development

Prime location only 7km from the Adelaide