An investor is being sought to take a 50-per-cent stake in Westfield Whitford City shopping mall in WA, alongside Scentre Group.

The centre is located 20kms north of Perth in the coastal suburb of Hillarys and is expected to fetch around $250 million. Scentre Group will retain its half share, but its 50 per cent partner in the property – the identity of whom the agents will not reveal – plans to exit the investment.

Anchored by Coles, Woolworths and Aldi supermarkets along with Kmart and Big W, the mall underwent an $80 million redevelopment in 2017 when a dining and entertainment precinct, an eight-screen Event Cinemas and a bowling alley were added.

Colliers’ MD of retail capital markets for Asia Pacific, Lachlan MacGillivray, has been appointed to sell the shopping centre stake through an expression of interest campaign.

MacGillivray described the site as “a high-performing, large-scale convenience centre” and added the average customer visits the centre three times per week.

“We are seeing strong growth after a major remix and the introduction of drawcard brands to build on the success of its best-in-class cinema and lifestyle precinct.”

The shopping centre sits on a 23.5ha landholding that includes a separate large format retail centre, offering a gross lettable area of 88,880sqm.

Planning is underway for an eight‑storey adjacent building with 87 apartments, a three‑storey office building and a plaza.