New Gold Coast mall collects $34m

Robina Central occupies 1.3 hectares.

De Luca Corporation has sold Gold Coast’s brand new Robina Central, which it recently completed with Wright Private Capital.

The $34 million deal to a Sydney investor reflects a 5.01 per cent net passing yield.

On 1.31 hectares at 8 Laver Drive, anchored to Aldi, also with a Guzman y Gomez, Starbucks, medical centre and Ampol, the weighted average weight expiry is 13 years.

The four standalone buildings are surrounded by 127 car parks also accessed via Robina Parkway (story continues below).

The land zoning allows for buildings up to 40 metres.

Burgess Rawson’s Yosh Mendis, Zomart He, Beau Coulter and Andrew Havig, the agents, said 46pc of offers came from Asia-based or Asia-backed investors.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of