MA Financial sells Corrimal Village for $103m
MA Financial has agreed to sell Corrimal Village, a shopping mall located six kilometres from Wollongong’s city centre, for $103 million to an undisclosed private buyer.
Colliers, which advised on the off-market sale, pitched it as the largest neighbourhood centre transaction, outside a metro, since 2021.
Corrimal Village, spanning 30,640 square metres, houses 33 speciality retailers and is anchored by Woolworths and Dan Murphy’s. The sale price represented a 5.13 per cent passing yield.
Colliers’ head of retail middle markets James Wilson said neighbourhood centres were the second most traded retail asset class in property in 2025, behind regional centres.
“This transaction represents the largest non‑metro neighbourhood centre sale nationally since 2021 and reflects the depth of capital targeting quality daily‑needs retail,” Wilson said.
“The off‑market process generated competitive interest from private capital, resulting in the sale to a high‑net‑worth NSW investor highlighting the continued pent‑up demand for defensive, convenience‑led assets with strong income durability,” he said.
