Trident Funds Management Divests St Lucia Marketplace for $18M

Trident Funds Management has successfully divested its investment in St Lucia Marketplace, achieving a sale price of $18,014,000 and delivering a strong outcome for investors.

The property, purchased in 2019 for $15 million, was strategically repositioned through targeted capital investment, favourable lease resets, and securing a development approval that enhanced the centre’s long-term potential. These initiatives underpinned investor returns and positioned the asset for a highly competitive off-market sale.

The transaction achieved a 5.25% fully leased yield, the sharpest recorded for a metropolitan IGA centre in 2025, reflecting both the strength of the asset and the market’s appetite for high-quality retail opportunities in inner-Brisbane.

Anchored by a high-performing IGA supermarket and complemented by specialty retail and office tenancies, the Marketplace occupies a prime location just 500m from The University of Queensland. This unique positioning ensured ongoing tenant demand and income security, making it an attractive investment proposition.

Wayne Schulz, Director of Trident Funds Management:
“The strong yield achieved reflects our proactive approach to capital management. By enhancing the asset’s income profile and securing long-term value drivers, we were able to deliver a superior return to our investors.”

The sale underscores Trident’s continued commitment to disciplined capital management, delivering strong investor outcomes while adapting to changing market conditions.