Who owns Gold Coast’s shopping centres? From Pimpama City to Burleigh Heads Shopping Centre
We don’t know the faces but we know their work – meet the owners behind Gold Coast neighbourhood shopping centres. SEE THE FULL LIST
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THEY’RE the neighbourhood shopping centres Gold Coasters head to for dinner, groceries and shopping. Here are the names and faces who own them.
Hollywood Plaza
The shopping centre that sits opposite Movie World in Helensvale and contains five fast-food restaurants, four speciality shops and one gymnasium is owned by Steven Shoobridge.
Tully-born Shoobridge acquired the 3485sq m property for $3.7m in 2006 and the neighbourhood centre generates $323,046 in annual net rental income.
The hotelier is a Harvard Business School graduate, who heads the Star Hotels Group, which has 22 hotels and 53 bottle shops.
In 2018 he paid $10.1 million for a nine-bedroom riverfront Brisbane home built for the late Christopher Skase in 1988 at a reported cost of $35m.
In January last year, Mr Shoobridge listed the 34-38 Siganto Dve property that the Hollywood Plaza sits on, when the asset was 40 per cent vacant, but failed to find a buyer.
In March he turned to Colliers International’s Ryan Chandler to launch a new leasing campaign.
Pimpama City Shopping Centre
The centre owned by father and son developers Norm and Greg Rix opened their commercial project in three stages from 2018.
The $100 million site at Jacobs Well launched in early 2018 with a 150sq m Zarraffas drive-through outlet and 200sq m Coles express service station.
More tenants, including Best and Less, Chemist Warehouse, NAB, drive-through Subway, Hungry Jacks, KFC and Jetts opened shortly after.
Gold Coast developer, shopping centre owner and former councillor Norm Rix joined his son to construct the largest commercial project undertaken by father and son developers on the Gold Coast.
Norm was inducted into the Gold Coast Business Hall of Fame in 2016 following decades of work in the property and development industry.
Starting as a real estate agent for Laurie Wall in his early 20s, the now 86-year-old millionaire went on to build hundreds of homes, three-storey walk ups and the Ashmore City Shopping Centre, which he sold in 1998 for more than $30 million.
Main Place Shopping Strip
The shops that stretch the length of the 1970s-built Main Place retail and dining strip is owned by John Potter.
The founder and CEO of the Potter Group has 40 tenants on the retail strip parallel to the Gold Coast Highway in Broadbeach.
The Potter Group spent $39 million assembling the holding for the area between 2004 and 2008.
Potter was busy with other projects last year, including a company owned by him and Margaret Howard buying a Palm Beach development site that sits between the highway and Jefferson Lane for $1.44 million, apparently to build apartments on the vacant 549sq m site.
He also bought the Bundall-based Gold Coast Iceland to develop an “upscale” $10.5 million warehouse.
Pacific Pines Town Centre
Originally opened at the end of 2003 by Stockland, the centre was sold to Melbourne-based PGA group for $30.81 million in 2019.
The company, which is led by executive chairman Peter Gunn, started in 1969 when it was known as transport service business CUBICO.
Gunn built the PGA transport group into a national company from 1970 until the turn of the millennium when he merged the business with Mayne Nickless.
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Industrial property is a major part of Gunn’s portfolio but he’s also a noted sharemarket investors with PGA Investments.
When the group bought the Pacific Pines Town Centre it was gaining an annual income of $1.876 million fully leased.
The centre has 14 specialty stores, including BWS and Woolworths, a medical centre and a gym.
Hope Island Shopping Centre
The Santa Barbara Rd complex is also owned by PGA group, who purchased the Shopping Centre for $25.4 million in 2012.
The shopping centre has 19 stores including Ray White, Coles, a car wash and a chemist.
PGA’s other assets include an office tower at 40 Creek St, Brisbane and a 14-level office building at 99 William St, Melbourne.
Burleigh Heads Shopping Centre
In 2018 the Tallebudgera Creek Rd property was sold to Brisbane investor Chandra Kant Trikam for $2.9 million.
At the Brisbane auction, eight registered bidders fought it out with a starting bid of $1.7 million before the property was secured by Trikam.
The property was previously owned by EPI International Pty Ltd, linked to Theodor Eggerth and Gerlinde and Kurt Piccardi since 1997.
At the time of sale the annual fully-leased net passing income of the property was $236,173 plus GST.
Treetops Plaza
The Burleigh Waters shopping centre is owned by John Hembrow’s Rayjon Group.
The group was started on the Gold Coast in 1976 by Hembrow and Ray Mulhalland.
Starting by completing approximately 100 units in the Miami area and 91 townhouse and villa units in Burleigh Waters, the business went on to develop 600 detached and attached homes throughout the 1980s.
Moving their attention to a Reedy Creek Rd and Bermuda St location in Burleigh Waters for the Treetops Plaza, The Coles-anchored shopping centre was opened in 1992.
In 2018 Rayjon expanded Treetops with a new a new dining precinct after extensive renovations.
In 2020 Rayjon Group received council approval for its West Burleigh 14-storey high-rise planned for a 3300sq m site next to Treetops Plaza.
Canungra Shopping Centre
The 2428/sqm site on Christie Rd went to auction twice in less than two months in 2018 and was eventually bought by Gold Coast private investor John Bensted.
A collapsed contract in July 2018 of $3.5 million meant the site was back on the market.
Bensted made the winning bid of $3.25 million for the property.
The anchor tenant is a FoodWorks supermarket spanning 662/sqm, which it is committed to leasing until March 2028.
Canungra Shopping Centre comprises four tenancies occupying a total net lettable area of 882/sqm with a WALE (weighted average lease expiry) of 7.7 years.
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