255 Queen Street
Brisbane QLD 4000
Overview
Completed in 2002, MacArthur Central Shopping Centre is a modern three level shopping centre located on the corner of Edward and Queen Streets in Brisbane, directly adjacent to the prime retail core of Queen Street Mall.
The shopping centre features a Woolworths supermarket and a Big W DDS, each with secure leases of 20 years from 2002.
These major retailers are complemented by convenience specialty retail on the Lower Ground floor, as well as a high-end fashion precinct on Edward Street including national and international retailers Polo Ralph Lauren, Morrissey, Oroton, Watches of Switzerland and L’Occitane. The complex also features a food court on Level 1.
The property was purchased from Investa Property Group in July 2006 for $119.5 million.
Description
MacArthur Central opened on 4 November 2002 with a GLA of 15,111sqm comprising of 38 specialty retailers over three levels anchored by Big W, Woolworths and Dymocks with an underground Secure Parking facility of 95 spaces.
MacArthur Central is located in the corporate sector of the Brisbane Central Business District (CBD) and is adjacent to the Queen Street Mall.
MacArthur Central’s mix of high end fashion on ‘MacArthur on Edward’ positions the property as one of the CBD’s premier fashion strips maintaining its prominence as the place to shop for Brisbane fashionistas.
MacArthur Central also has the enviable position of dominating the convenience dollars of Brisbane supporting both the CBD worker and residential markets.
The MAT for the property currently sits at just over $100 million with percentage increases steadily accelerating as the property gains stronger dominance in the market.
Facilities
Restrooms including disabled toilets
Parent’s room
Wheelchair (free of charge)
Lift access
Public telephones
ATMs
Trades seven days per week
Easily accessible car parking facilities, Public Transport (Bus) and Taxi