Dee Why Grand Hits The Market At $65 Million

Dee Why Grand Shopping Centre

Dee Why Grand stands as a beacon of community and commerce, its sleek architecture and bustling atmosphere drawing locals and visitors alike. Now, with a price tag of $65 million, this beloved shopping mall has become the centre of attention for investors far and wide.



Built in 2010 upon the historic grounds of the old Dee Why Hotel, the Dee Why Grand has since become an integral part of the area’s identity. Boasting a prime location with triple street frontage along Pittwater Rd, Pacific Pde, and Sturdee Pde, it has served as a hub of activity, offering convenience and luxury in equal measure.

Photo Credit: Facebook/ Dee Why Grand Shopping Centre

The Dee Why Grand is a two-level centre run by the Industry Superannuation Property Trust (ISPT), which houses a wide range of businesses, including well-known chains like Coles and Aldi as well as speciality shops and charming kiosks. With 410 underground parking spaces and tenants including The Reject Shop, OPSM, and Priceline Pharmacy, it caters to the needs and desires of the local community with finesse.

But now, as the ISPT seeks expressions of interest for the sale of the Dee Why Grand, the spotlight shines brighter than ever on this iconic establishment. In a market where institutional-grade opportunities are rare, this sale presents a unique chance for investors to secure a piece of Sydney’s metropolitan landscape.

Photo Credit: Facebook/ Dee Why Grand Shopping Centre

The timing couldn’t be more opportune. With recent sales in the area, such as the Balgowlah Stockland Mall fetching a staggering $155 million, and the ongoing revitalisation efforts at the Forestway shopping centre in Frenchs Forest, the potential for growth and development in Dee Why is palpable.

According to JLL, one of the commercial property agencies handling the sale, the Dee Why Grand offers not just a lucrative investment opportunity, but a strategic one. With over 175,000 vehicles passing by daily and a local population boasting an average per capita income 19 percent above the Greater Sydney average, the potential for a thriving business is undeniable.

Photo Credit: Facebook/ Dee Why Grand Shopping Centre


Nick Willis of JLL emphasises the significance of this moment, noting that the Dee Why Grand represents a milestone in Sydney’s commercial real estate landscape. As interest pours in from both local and offshore investors, anticipation mounts for the future of this cherished establishment.

Published Date 11-April-2024

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