Tavner family secures $30m for Doors Plus national retail portfolio
Doors Plus’ nationwide portfolio of retail assets has traded to a handful of high-net-worth investors, putting $30 million in the pocket of founding owners, the Tavner family.
The property transaction comes five months after 80 per cent of the Doors Plus operating business was sold to mid-market private equity firm Colinton Capital Partners in a $60 million deal, shaking up the ownership structure for the first time in 35 years.
Separately, Colliers and transaction advisers Ellerston Capital Solutions ran a sale and leaseback campaign for 12 Doors Plus stores across five states: New South Wales, Victoria, Queensland, South Australia and the Australian Capital Territory.
The campaign generated more than 150 offers across the portfolio. One Victorian site was purchased by a Queensland-based buyer. Both South Australian assets were secured by local purchasers. The standout buyer was NSW-based, acquiring three sites interstate – Fyshwick (ACT), Springvale (VIC) and Leumeah (NSW).
While there was interest from institutional funds, they were ultimately outbid by private high-net-worth investors and family offices. Colinton Capital Partners negotiated the lease term, now dealing with a series of individual landlords rather than a single family-owner or fund.
Doors Plus was majority-owned by the Tavner family, who founded the business in 1989 in south-west Sydney. Under Colinton’s stewardship, Doors Plus is seeking to roll out 10 new sites, a showroom refurbishment program and expand its product range.
It reported $67 million sales revenue at the end of the 2025 financial year, ASIC filings show, and $5.6 million profit.
