A $500 million portfolio of five neighbourhood malls in south-east Queensland, controlled by Melbourne investment house CVS Lane and Don O’Rorke’s Consolidated Properties Group, has hit the market, the latest test for investment in the retail sector.

CVS Lane, a family office style investment platform backed by the Libermans, and CPG, a prominent Queensland developer led by industry veteran Mr O’Rorke, have steadily accumulated the portfolio, buying existing neighbourhood centres then redeveloping them.