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The Village Alphington, a landmark super neighbourhood centre investment opportunity

A new revolutionary shopping centre development and the future epicentre of the Alphington community

Colliers International have been exclusively appointed to sell The Village Alphington, an extremely rare opportunity to acquire a super neighbourhood shopping centre with significant growth potential.


The landmark investment opportunity located just 6.5km from the Melbourne CBD is being marketed by Colliers International’s Lachlan MacGillivray, John Marasco and Tim McIntosh on behalf of Alpha Partners.


The Village Alphington will be anchored by two full-line supermarkets, Coles and Aldi, capitalising on a significantly under-serviced retail catchment approximately three times the size of a typical metropolitan supermarket catchment. With an approximate population of 75,000, forecast to grow at an average annual rate of 1.1% to reach over 86,600 persons by 2031.”


“This is an unprecedented investment opportunity to acquire a landmark, future inner metropolitan super neighbourhood centre located within Melbourne’s most innovative urban renewal project. The offering will comprise a brand new, built-form mixed-use shopping centre in a well established, affluent and rapidly growing catchment just 10-minutes from the CBD,” Mr MacGillivray said


The Centre will offer a secure, convenience-based, non-discretionary super neighbourhood shopping centre comprising 13,000sqm of retail lettable area and more than 10,000sqm of commercial lettable area.


“Testament to the calibre of the Centre, location and the significantly under-serviced retail catchment, The Village Alphington has already secured significant pre-commitments from national and international tenants,” Mr Marasco said.


The centre is located in the affluent inner metropolitan suburb of Alphington, approximately 6.5km north-east of the Melbourne CBD. Located on the corner of Heidelberg Road and Chandler Highway, the area is well serviced by road and transport networks which link the area to the CBD and surrounding amenities.


The Centre will form part of a 17ha master planned urban renewal project, which on completion will comprise 5,000-6,000 residents across 2,500 residential townhouses and apartments, over 4ha of community space and parkland, an aged care facility and serviced apartments. 


“The Village Alphington will be the epicentre of the new community and a landmark of Alphington. This significant urban renewal project will complement the well-established and dense existing population within the main trade area, underpinning the future performance and growth of The Village Alphington.” Mr McIntosh said.


The Village Alphington is for sale via an International Expressions of Interest campaign closing Thursday 12 September 2019 at 2pm (AEST).

Related Experts

Lachlan MacGillivray

Head of Retail Investment Services | Australia

Retail Investment Services

Sydney CBD

Specialising in the sale of major shopping centres, Lachlan has managed the sale of over $12 billion worth of shopping centres, working with a wide range of clients including institutional, international and private investors.

In 2019, Lachlan's team transacted 83% of all retail assets greater than $100 million, equalling a total of $3.58 billion in sales. These included:
The sale of Westfield Marion, SA for $670 million (50% interest);
The sale of Westfield Burwood, NSW for $575 million (50% interest);
The sale of Garden City Booragoon, WA for $575 million (50% interest);

Over the last 24 months, Lachlan has achieved the largest transaction in Australian history with the sale of Indooroopilly Shopping Centre, QLD for $810 million (50% interest). He also secured the largest agency negotiated transaction in Australia at $1.00 billion for the sale of Pacific Werribee and Epping, VIC (50% interest). With an in-depth understanding of shopping centre performance, Lachlan can provide you with expert advice on the sale and acquisition of your retail investments.
• Capital Partnering / Joint Ventures / Portfolio Transactions
• Asset Marketing and campaign strategy, implementation and execution
• Shopping centre acquisition and disposal
• Sale negotiation and transaction
• Strategic asset positioning and repositioning to maximise asset performance
• Buy side investment advisory

View Expert

John Marasco

Managing Director | Capital Markets & Investment Services

Investment Services

Melbourne CBD

I have been with Colliers International for over 25 years and am the Managing Director of Capital Markets & Investment Services, Australia as well as the State Chief Executive of Victoria.  

I have established a strong reputation in the Capital Markets space and have formed close relationships with major investors and institutions on a global scale. In recent years, I have negotiated some of Australia’s largest real estate transactions and have been instrumental in successfully brokering many substantial transactions with overseas investors entering the Australian market. My extensive connectivity in the global real estate market can unite capital with local expertise, regardless of location.

Our national Investment Services business represents market specializations including Capital Markets and Investment Sales. The two clear divisions servicing the Australian commercial office market ensures complete market coverage, efficiency and premium experiences and successes for our clients. 

​As a long standing senior member within Colliers International, I have played an integral role in contributing to the business's success in Australia. I hold a number of senior positions with Colliers including a member of the National Executive Board. I am committed to the success of the business by providing our people with the tools they require to deliver incomparable service and results.

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Tim McIntosh

Director, VIC

Retail Investment Services

Melbourne CBD

Tim is a Director of Retail Investment Services, leading the Victorian team with Mike Crittenden and specialising in the sale of neighbourhood shopping centres, supermarkets, large format retail, hardware and and core retail sites. In 2020, Tim managed and transacted in excess of $200 million of core retail investment assets. 

Over Tim's 10 years in industry, he has transacted in excess of $1 billion of property, focusing solely on retail investments since joining Colliers in 2015. During Tim's time at Colliers, he has gained national and international transactional experience, including a 2-year secondment  with the Retail Capital Markets team in London, UK.

Tim and Mike combine diverse retail backgrounds across transactional, analytical and leasing expertise to provide clients holistic advice encompassing:

  • Strategic asset positioning and repositioning to maximise asset performance
  • Asset marketing, campaign strategy, implementation and execution
  • Sale negotiation and transaction
  • Shopping centre acquisition and disposal
  • Fund-through and joint venture structuring
  • Master-planning and project delivery
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