Bay Central Woolooware, a newly completed, triple-anchored metropolitan Sydney shopping centre, has been listed for sale by Novm and Capital Corporation.

Completed in 2024, Bay Central comprises approximately 18,100sqm of gross lettable area over two levels, anchored by full-line Woolworths and ALDI supermarkets alongside Dan Murphy’s.

There’s also over 37 specialty tenancies including Panetta Mercato, Cronulla Meat Company, The Reject Shop, Bakers Delight, UFC Gym and newly announced Salon Lane, supported by 771 car spaces across four levels of integrated deck parking. 

JLL and CBRE have been jointly appointed to manage the international expressions of interest campaign, and describe the listing as one of the most significant retail investment opportunities to emerge in the Sydney market in recent years. 

Nick Willis, Executive Director of Retail Investments at JLL Australia & New Zealand, says in the past 20 years, only seven convenience-based centres over 15,000sqm have sold within 20km of the Sydney CBD.

“Bay Central isn’t only part of that exclusive cohort, but also the only newly completed, triple-anchor neighbourhood centre to be offered formally on market in metropolitan Sydney in over a decade,” he says.

“We’re witnessing significant institutional capital, both domestic and offshore, specifically seeking deployment into core Sydney metropolitan assets like Bay Central.” 

Simon Rooney, Head of Retail Capital Markets – Pacific at CBRE, says Bay Central represents best-in-class execution of modern neighbourhood retail. 

“Since opening in 2024, the triple-anchored offering has delivered exceptional non-discretionary income resilience, with over 80% of gross rental income derived from essential retail and service-based uses,” he says. 

“The centre benefits from significant precinct critical mass via its integration within the broader Woolooware Bay precinct, encompassing 255 residential apartments, a 71-room hotel, commercial suites and the Cronulla Sharks Leagues Club – creating a captive customer base and driving foot traffic.” 

Bay Central serves the affluent Cronulla peninsula and broader Sutherland Shire catchment, which is undersupplied for retail floorspace relative to the national average. The catchment includes some of Sydney’s most affluent coastal suburbs, with Greenhills Beach and Burraneer recording household incomes 126% and 68% above the Sydney average respectively.

The centre is further positioned to capture inbound trade from the Boat Harbour Precinct, which is proposed to deliver approximately 4300 new dwellings and over 10,000 residents within the primary trade area over the next decade.