Financial Review: Alceon follows wealthy downsizers to Coolangatta with $142m retail buy

Australian Financial Review
17 July 2025
Michael Bleby

Alceon has acquired The Strand Coolangatta for $142 million and plans to invest further to reposition the beachfront centre for the region’s rapidly gentrifying population. The Woolworths‑anchored asset offers significant value‑add potential, with Alceon and Aktiv set to enhance the tenant mix, dining offerings and lifestyle experiences to match shifting local demographics. The acquisition marks Alceon’s fourth Queensland purchase in 18 months, reflecting strong population‑driven demand across the state’s retail and commercial sectors.