Projects - Auburn

The Newmark APN Auburn Property Fund (Fund) is a joint venture project between Newmark Capital Limited (Newmark) and APN Property Group Limited (ASX:APD) 

The Fund was established in 2014 to purchase the Lidcombe Power Centre in Parramatta Road, Lidcombe, New South Wales and undertake a redevelopment of the property into a sub regional shopping centre called ‘The Marketplace Auburn’, to be completed in the second half of calendar year 2015. 

The Marketplace, Auburn include Aldi, Woolworths, Kmart, Spotlight, Anaconda and 50 specialities, have a net lettable area (NLA) of approximately 33,000sqm and offer over 1,000 car parks. 

On 20 February 2015, Newmark and APN announced the Fund had entered into a conditional contract of sale and a Development Agreement with Novion (NERFF) and the transaction subsequently settled on 30 April 2015. 

The centre now to be known as Lidcombe Shopping Centre opened late August 2015.

Newmark Capital Limited

Level 18, 644 Chapel Street
South Yarra VIC 3141
Phone: (03) 9820 3344
Fax Number: (03) 9066 9999

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