Consolidated Properties Group, an Australian real estate properties developer, announced that it has opened a new small projects division.
The new business division, aiming to expand to the small projects space, is expected to add Consolidated Properties' existing retail portfolio.
The company said the aim for the new small projects is to have an active workbook of four to five small projects on the go, with a focus on boutique retail, commercial, childcare and medical centres valued up to $10 million.
Consolidated Properties, which last week opened its first small project, a 7-Eleven service centre in Brisbane's Mango Hill, noted that it is currently seeking more opportunities and already have a number of potential projects in the pipeline.