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Belconnen's Capital Food Markets, reopened in 2023 after delays, are for sale for $50M–$60M amid strong investor interest.
The Capital Food Markets in Belconnen, which reopened in December 2023 after a delayed $25 million redevelopment, are up for sale for $50 million to $60 million.
The property includes a 13,270-square-metre site, a 6,742-square-metre market hall, and a Liquorland store.
Originally opened in 1978, the site was bought in 2018 by Elanor Investors Group, but faced setbacks due to the pandemic and a builder’s insolvency.
Despite temporary disruptions for traders, the market now has seven to eight vacancies, with several tenants ready to move in.
Colliers reports strong interest from local and national investors, citing the area’s rapid population growth and new apartment developments as key drivers of the asset’s future value.
Los Capital Food Markets de Belconnen, reabiertos en 2023 después de retrasos, están a la venta por $50M$60M en medio del fuerte interés de los inversores.