Thakral Holdings Group has put its Oasis Shopping Centre and five-star Sofitel Gold Coast Broadbeach hotel for sale.

The group has appointed real estate service firm Jones Lang LaSalle and boutique agency McVay Real Estate to manage the sale.

“There have been regular inquiries to purchase the properties individually or together before they went on the market.  Being offered for sale in-one-line or as individual components, we believe this offering will generate strong interest from both domestic and offshore investors,” Craig Collins, Jones Lang LaSalle Hotels’ managing director, said.

“As a whole, given the opportunity this property offers, it would make an ideal foundation asset for a new fund, be an excellent addition to an existing portfolio, or would suit private companies, developers and high net worth individuals.”

Since 2004/5, over $19 million was expended on renovating the Oasis Shopping Centre with a further $17 million spent on refurbishing the rooms, public areas and restaurants within the Sofitel.

The Oasis Shopping Centre, which receives more than 6.5 million shopper visits a year, comprises 21,542sqm over three floors.  Retail shopping is provided over the first two levels, while the top floor comprises services and office space.

Along with anchor tenants Woolworths and the Broadbeach Tavern (also Woolworths owned), the centre is home to more than 120 specialist retailers, offices and kiosks, and there is car parking for 1,249 cars.

The centre generates over $100 million in retail sales and has a total occupancy rate of 97.7 per cent. 

According to Simon Rooney, Jones Lang LaSalle’s Australian head or retail investments, in the last six months, “investment in the retail sector continues to attract high levels of domestic and off-shore enquiry”.