Invest in a Large Format Retail centre
anchored by blue-chip tenants
per annum*
Target annual distribution paid monthly
IRR*
Target internal rate of return
years
Target timeframe for the Fund
*Target returns are not promised nor guaranteed and are based upon a number of assumptions. Their achievement is subject to risks. Please refer to the IM for more information, noting the section on financial information and risks.

Key Information
- Large Format Retail centre in high growth regional hub of Wagga Wagga, NSW
- Anchored by blue-chip national & ASX tenants
- Seven-year fund targeting a 13% IRR* what’s this?
- 7% p.a.* income distributions, paid monthly
- Exceptional value-add opportunities
This single asset Fund presents an opportunity to invest in a modern Large Format Retail centre located in the thriving regional hub of Wagga Wagga, NSW. The property is fully leased and anchored by blue-chip tenants.
Approximately 80% of the leased space is currently under-rented, offering strong growth potential as leases renew. The centre also includes two brand-new pad sites, pre-leased to Oporto and Kickstart Expresso, set for completion in 2025. The property will feature four individual titles, enabling potential value creation through individual sales.
Tenancy Mix

Investment Highlights
- Fully-leased Large Format Retail centre: modern retail centre spanning 41,292 sqm, with 16,860 sqm of gross lettable area across 10 tenancies. Convenient parking for 387 vehicles enhances accessibility.
- Value-add Opportunities: The asset includes two brand-new pad sites, pre-leased to Oporto and Kickstart Espresso, set for completion in 2025. Upon completion of the pad sites, the property will feature four individual titles, enabling potential to sell titles individually and potentially unlock a capital value premium.
- Thriving Regional Location: Situated in Wagga Wagga, a high-growth regional hub, the population is forecast to increase by over 21% by 2036, with a current catchment of 121,794 people (Deep End Services).
- Blue-Chip Tenancy Profile: The centre is fully leased, anchored by major national and ASX-listed retailers including Spotlight, Anaconda, Supercheap Auto, Petstock, and Autobarn. National brands occupy 100% of the property, with 71% of gross lettable area weighted toward retailers with over 50 stores nationwide.
- Significant Rental Uplift Potential: Approximately 80% of the leased space is currently under-rented, presenting a strong opportunity to increase rental income as leases renew, driving higher returns
- Significant Discount to Replacement Cost: The property offers an estimated 39% discount to replacement cost when factoring in land and build costs—making it highly cost-effective to acquire in the current market.
- Undersupply of Key Retailers: A regional gap analysis reveals unmet demand from 39 large format retail brands not currently represented within the catchment area, underscoring strong tenant demand.
- High Growth Asset Class (Large Format Retail): Large Format Retail (LFR) is well-positioned for continued growth fuelled by high replacement cost, population growth, historically low vacancy rates, strong demand from tenants, and limited supply.
Single Asset Fund
Equity Raise: $26.5m
Minimum Investment: $100,000
Eligibility: Wholesale Investors

Property Location
Wagga Wagga is the largest inland city in NSW, located at the mid-point between Sydney (380km) and Melbourne (370km). It is a critical regional centre for the broad scale farming areas of the Riverina and is also a military and transportation hub as well as a centre for tertiary education at Charles Sturt University. The City of Wagga Wagga has a population of over 68,000 people and the property services a wider total catchment of 121,794 people (Deep End Services)
The property is located within the urban locality of East Wagga Wagga, 2km from the city’s core commercial area. The site benefits from a commanding frontage of 275m to Hammond Avenue, the main thoroughfare into the Wagga Wagga CBD from Sydney and Canberra.
Register your interest in the
Westbridge Retail Centre Fund – Wagga Wagga
To register your interest in the Fund or to learn more, please complete the form below and you will receive a copy of the information memorandum.