Kingsthorpe shopping centre nears full tenancy after major investment boost
A neighbourhood shopping centre in one of Toowoomba’s fast-growing communities looks set to become fully tenanted in 2026 following several revamps under a major investment firm.
Queensland property fund Natgen, which has more than $270m in assets under management, has reaffirmed its continued ownership in the Kingsthorpe Central Shopping Centre.
It comes after new operators took over anchor tenant IGA, which is now the main local supermarket for the district of about 6700 people.
Natgen Managing Director Steven Goakes said the centre had recently welcomed a new bulk-billing GP in Dr Femi Ayodale, with other tenants like the dentistry, bottle shop and pharmacy all renewing their leases beyond 2026.
“Western Toowoomba continues to experience steady economic and population growth, driven by its affordability, liveability and expanding service base,” he said.
“Kingsthorpe Central Shopping Centre is exceptionally well-positioned to support this growth.
“The combination of a refreshed IGA, stable long-term tenants, and expanded medical services ensures the centre remains a vital part of the community.
“The renewal of leases and arrival of a local GP underscores the confidence businesses and professionals have in the Kingsthorpe community.”
Mr Goakes said there was one tenancy still vacant in the centre that was available for lease.
“The centre’s sustainability credentials have been strengthened with the pharmacy installing solar power, complementing the existing solar array at the IGA,” he said.
“Recent road upgrades have improved access to the centre in 2025.”
Natgen bought the centre for $6m after it was built in 2021 by Kingsthorpe Central Pty Ltd.
Article by The Chronicle
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