Officeworks, Red Rooster and Little Zak’s lead first Stonebridge national portfolio of 2025
Stonebridge has launched its first national portfolio in 2025, featuring 18 premium free-standing commercial investments across Australia.
The portfolio caters to private investors of $3 million to $11 million, with leases in place to household names such as Officeworks, BCF, Repco, El Jannah, Red Rooster and childcare operators such as Affinity and Little Zak’s.
Leading the portfolio is a free-standing Officeworks investment in Oxely, located within metro Brisbane, which provides exposure to one of the city’s busiest arterial roads.
“The Officeworks in Oxley is a true intergenerational trophy investment given the prominent land holding exposed to 82,000 vehicles daily along Ipswich Motorway and significant land holding within a strong trade catchment of metro Brisbane,” says Stonebridge partner Michael Collins.
“We anticipate the asset will generate widespread interest on a national basis, courtesy of the long-term lease underpinned by Top 10 ASX listed Wesfarmers, with a market cap of circa $84 billion.
“Officeworks is one of Australia’s most successful and trusted household brands with revenues of $44 billion across 171-plus stores nationally.”
The portfolio also contains a diverse range of childcare assets along the eastern seaboard, each offering long-term net leases to established operators.
In Sydney, four childcare investments are on offer, including the Giggle and Learn Centre in Belmore, located on Canterbury Road and on a new 20-year lease.
In Melbourne, Stonebridge has been entrusted with childcare facilities in Ormond and Ashburton, secured by 15 and 20-year net leases, respectively.
“Our first portfolio of 2025 has one of the most diverse childcare offerings ever put to market with an outstanding blend of locations, price points and quality tenant covenants,” says Stonebridge partner Tom Moreland.
“Our firm transacted over $200 million worth of childcare centres in 2024 and expect transaction volumes to continue increasing in 2025, with a noticeable uptick of enquiry and bidder numbers noticed through the back half of 2024.”
The portfolio also includes investments secured by national retailers such as Red Rooster and El Jannah.
Located in the Sydney suburb of Liverpool, the El Jannah outlet is secured by a 15-year net lease until 2040, with options extending to 2055 and fixed 3 per cent annual rent increases.
“The trophy-style nature of the offerings included in our February National Portfolio aligns with the investment fundamentals sought by aggressive Asian capital,” says Kevin Tong, Stonebridge Asia practice partner.
“Our first campaign coincides with the busy Chinese New Year period, where we have already witnessed heightened engagement from this buyer profile whilst onshore and travelling Australia.”
Stonebridge’s February National Portfolio auction is scheduled for February 26 at 11am (AEDT), with expressions-of-interest campaigns closing on February 27 at 3pm (AEDT).
