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Cherrybrook Village Shopping Centre
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Prime Sydney Neighbourhood Centre sells for $132.8 Million, 5.01% Yield

McVay Real Estate and Stonebridge Property Group
are pleased to announce the sale of Cherrybrook Village
for $132,800,000 on behalf of Mirvac.

Cherrybrook Village is a dominant and established 9,382 sqm
neighbourhood shopping centre located 30km north west of the Sydney
CBD in the affluent Sydney metropolitan suburb of Cherrybrook.

The convenience focused, single level centre is anchored by a strong
performing Woolworths, 1 mini major and 51 specialty tenants.

Transaction Details

Sale price


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Building Rate per sqm


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WALE (by area)

3.6 Years

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"The demand for quality convenience assets is at unprecedented levels,
with a mix of private, syndicate, institutional and offshore capital
all competing for very limited supply, and the weight of capital
is driving strong pricing for this asset class."

Sam McVay

McVay Real Estate

For further information, please contact the undersigned:

Sam McVay

+61 402 613 603

[email protected]

Dan McVay

+61 412 872 859

[email protected]

In conjunction with Stonebridge Property Group


This information memorandum (“IM”) has been prepared by Stonebridge and McVay Real Estate (“Agents”) in connection with the relevant transaction contemplated in the IM. Any statement or opinion made by the Vendor or the Agents in connection with the transaction contemplated in this IM is not based on any actual or implied knowledge or consideration of the investment objectives, financial situation, legal or taxation position or any other particular needs or requirements of the recipients of this IM. All recipients must make their own independent assessment and investigation including without limitation, seeking professional advice and must determine its interest in proceeding upon the basis of such independent assessment, investigation and appraisal. Any statement or opinion of the Vendor whether express or implied is not, nor should be construed as a recommendation by the Vendor or any of their officers, agents or employees to participate in the transaction and, to that extent, no reliance will be placed on the Vendor or their associates. The Vendor and the Agents do not warrant (expressly or impliedly) that information contained in this IM is complete, true and correct and not misleading or not likely to be misleading or deceptive. The Vendor and the Agents are not responsible and will not under any circumstances be liable (whether at law, in equity, under statute or otherwise) for any statement made or anything contained in or arising out of the information including, without limitation, any errors, misrepresentation or omissions.

This IM is not an offer or an invitation to acquire Mirvac Group stapled securities or any other financial products and is not a prospectus, product disclosure statement or other offering document under Australian law or any other law. The information contained in this IM is for information purposes only.

To the maximum extent permitted by law, Mirvac Funds Limited ABN 92 003 280 699 as responsible entity of the Mirvac Property Trust ARSN 086 780 645 (“the Vendor”), its affiliates, directors, officers, employees, agents, advisers and intermediaries do not make any warranty, express or implied, as to the currency, accuracy, reliability or completeness of the information in this IM or that the information is suitable for your intended use and disclaim all responsibility and liability for the information (including, without limitation, liability for negligence).

Any forward-looking statements, projections, or other estimates in this IM, including redevelopment potential, predictions of future economic and market conditions, and statements of anticipated transaction timing, structure and outcomes, are “forward looking statements” and are based upon certain assumptions that may change. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. Forward-looking statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. There can be no assurance that actual outcomes will not differ materially from these statements. To the full extent permitted by law, the Vendor and its directors, officers, employees, advisers, agents and intermediaries disclaim any obligation or undertaking to release any updates or revisions to the information to reflect any change in expectations or assumptions. Past performance, leasing and sales information given in this IM is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. Actual results could differ materially from those referred to in this IM.

The Vendor and Agents disclaim all responsibility for any loss or damage caused by reliance by any person on this IM or any representation, warranty or statement made by or on behalf of the Vendor or their associates. This IM is confidential and is for the sole use of persons directly provided with it by the Vendor and is not to be reproduced, copied or sent to any other person without the prior written consent of the Vendor.

The use by, or reliance upon this document by any other person is not authorised by the Vendor and without limitation to the above disclaimers, the Vendor are not liable for any loss arising from such unauthorised use or reliance.

This IM is neither an expressed nor an implied commitment by the Vendor or any of its affiliates to act in any capacity in any transaction, which commitment shall only be set forth in a separate agreement.

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