1 St John

1 St John was developed by Tipalea Partners and opened in May 2012 and is a 3,500 m2 bulky goods showroom complex. 1 St John is the regional headquarters for Rabobank and also has long-term leases to ASX-listed retailers including SCA, Rays and Beacon Lighting

1 St John is well-located in the bulky goods precinct of Launceston with a catchment of 100,000 people.

This project was Tipalea’s second successful foray into the Tasmanian market – a market Tipalea knows well and will continue to support.

Project Statistics

Address:1 St John Street, Launceston, TAS
Site Area:5,481 m2
Net Lettable Area:3,423 m2
Anchor Tenant:Super Cheap Auto, Beacon Lighting
Sale Price:$9,751,000
Investor IRR:19% p.a
Equity Multiple:1.9x
Site Purchased:August 2011
Centre Opened:May 2012
Sale Date:July, 2015
Builder:Fairbrother Constructions
Bank:Commonwealth Bank
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