Carindale Property Trust (CDP)

Shares / Stock Code

CDP

Stock Exchange / Sharemarket

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Carindale Property Trust (CDP) is a retail property development and investment trust. Its sole investment is a 50% interest held in Carindale Regional Shopping Centre, Westfield Carindale which is located in Brisbane and spans 116,767 square metres. Carindale Property Trust listed on the Australian Stock Exchange (ASX) on 28 November, 1996. Through its two department stores, two discount department stores, three supermarkets and 281 specialty retailers, Westfield Carindale is generating sales of $657.2 million. The adjoining Home & Leisure Center includes eight more retailers. Westfield Management Limited which is a member of the Westfield Group is the responsible entity of Carindale Property Trust. Carindale’s customer base has significantly expanded in volume after being re-branded as a Westfied centre and today it has become the largest regional shopping centre in Brisbane enjoying consistent high occupancy rates.

Carindale Property Trust History

Carindale Property Trust listed on the ASX in 1996. Its sole investment was in the Carindale regional shopping centre. Westfield acquired a 50% stake in CDP in December 2000 and became centre manager.