Frasers Property Australia has exchanged contracts with Vicinity Centres for the sale of the three-stage Eastern Creek Quarter (ECQ), its retail development in Western Sydney, for A$400 million ($256 million).
Strategically located at the intersection of the Great Western Highway and the M7 Motorway, ECQ comprises stage 1 ECQ Shopping Centre (approximately 10,000 square meters/107,640 square feet GLA), stage 2 ECQ XL large-format retail and showroom precinct (approximately 11,000 square meters/118,400 square feet GLA), and the recently opened stage 3 ECQ Outlet, an outlet retail concept (approximately 20,000 square meters/215,280 square feet GLA) featuring around 100 brands.
ECQ serves a large and growing catchment of approximately 1.2 million residents, functioning as a dynamic multi-experience destination that integrates outlet shopping with everyday groceries and essentials, convenience retail, health and beauty services, and diverse dining and entertainment options
