![\"Burwood](\"https:\/\/www.europesays.com\/australia\/wp-content\/uploads\/2026\/05\/Burwood-Brickworks-The-Worlds-Most-Sustainable-Shopping-Centre-resized-1920x1080-2-1024x576-1.webp\")
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Frasers completed Burwood Brickworks Shopping Centre in 2019 (Image: Frasers Property)<\/p>\n
Frasers Property has sold an eastern Melbourne shopping centre to a private fund managed by\u00a0Sydney\u2019s HMC Capital for A$107.3 million ($77.3 million), marking the latest in a series of Australian divestments by the Singapore-based developer.<\/p>\n
The developer controlled by Thai billionaire Charoen Sirivadhanabhakdi marked the retail component of the Burwood Brickworks residential community as sold on its website on Monday<\/a>, with brokerage Stonebridge Property Group, which handled the sale together with CBRE, confirming closure of the deal in a LinkedIn post the same day.\u00a0<\/p>\n \u201cThe transaction highlights continued investor demand for premium neighbourhood shopping centres, particularly given the difficulty in replicating assets of this quality,\u201d Stonebridge Property said in the social media announcement<\/a>.<\/p>\n Frasers\u2019 closure on the sale of the seven-year old community mall comes just one week after the company agreed to sell the Eastern Creek Quarter<\/a> retail precinct in western Sydney for A$400 million, with the company continuing to market another Sydney shopping centre and a portfolio of Melbourne logistics assets.<\/p>\n Prize Winning Community<\/p>\n Burwood Brickworks Shopping Centre is located around 20 kilometres (12.4 miles) east of Melbourne\u2019s financial centre and supports Frasers\u2019 Burwood Brickworks 753-home residential community<\/a>,\u00a0<\/p>\n Frasers Property chairman emeritus Charoen Sirivadhanabhakdi (Image: ThaiBev)<\/p>\n The Burwood Brickworks project won the Property Council of Australia\u2019s Innovation & Excellence Awards in 2025 for best mixed-use development and a 6 Star Green Star Design & As Built rating from the Green Building Council <\/a>of Australia in March 2022.<\/p>\n With anchor tenants supermarket chain Woolworths, liquor retailer Dan Murphy\u2019s and cinema operator Reading Cinemas, the shopping centre has a gross lettable area (GLA) of 13,334 square metres (143,500 square feet) with the centre\u2019s more than 40 tenants representing a mix of chain stores and local shops across food and dining, entertainment, retail services and health and wellbeing.<\/p>\n The sale price translates to A$8,047 per square metre for the complex, according to Mingtiandi calculations. The complex had 99 percent occupancy with a weighted average lease expiry of 8.2 years, according to a sale analysis circulated by CBRE. Frasers and HMC Capital declined to comment.<\/p>\n In addition to its deal to sell Eastern Creek Quarter to Sydney\u2019s Vicinity Centres, Frasers in April this year agreed to sell its 366-unit Brunswick & Co development in Brisbane\u2019s Fortitude Valley<\/a> for a reported A$285 million.\u00a0<\/p>\n The company continues to market Ed.Square Town Centre, a shopping and entertainment hub adjacent to Sydney\u2019s Edmondson Park Train Station for a reported A$250 million<\/a>, and brokers began promoting a portfolio of five of the company\u2019s Melbourne industrial assets in April<\/a>.<\/p>\n Ramping Up Retail<\/p>\n Aiming to pioneer US-style fund management in Australia, HMC Capital invests in real estate, digital infrastructure and alternative energy as well as corporate buyouts and private credit businesses, with about A$19.5 billion in assets under management. The HMC Australian Retail Partnership Fund has secured A$200 million of transactions this year, according to a presentation by the company on 24 February.<\/p>\n In an update at an investor conference in Sydney on 6 May, chief executive David Di Pilla said the company was deploying A$600 million to reach A$1 billion in assets under management for the retail fund. The company has overall real estate assets under management of A$10.2 billion, according to Di Pilla\u2019s presentation<\/a>.<\/p>\n![\"Charoen](\"https:\/\/www.europesays.com\/australia\/wp-content\/uploads\/2026\/05\/Charoen-Sirivadhanabhakdi.jpg\")
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