Summerhill Shopping Centre

Reservoir, VIC

Qualitas provided subordinated loan funding to a private development group for the development of a convenience-based sub-regional shopping centre of some 16,500 square metres anchored by Coles, Kmart, Aldi, Bank of Melbourne and Australia Post, along with approximately 30 speciality tenancies.

The project encompassed the redevelopment of a previously run-down shopping centre and is heavily focused on non-discretionary and convenience-based spending.

The asset was sold to La Salle Investment Management.