Kurralta Village Sells for $75.2 Million in Major Adelaide Deal
Kanebridge News
Share Button

Kurralta Village Sells for $75.2 Million in Major Adelaide Deal

South Australia’s retail market stays hot as Taplin Group acquires the fully-leased centre, with expansion plans in place.

By Jeni O'Dowd
Tue, May 6, 2025 11:18amGrey Clock < 1 min

Kurralta Village, a dominant sub-regional shopping centre in inner Adelaide, has changed hands in a $75.2 million off-market deal.

South Australian-based Taplin Group purchased the property, and Knight Frank negotiated the sale.

Located at 153 Anzac Highway in Kurralta Park—just over 4 kilometres from Adelaide’s CBD—the centre offers 10,669 square metres of gross lettable area across a 32,570 square metre site and includes 542 car parks.

Fully leased and anchored by Coles and Kmart alongside 12 speciality stores, the centre generates around $3.5 million in annual net income and has a weighted average lease expiry (WALE) of six years.

Knight Frank’s Ryan Mills noted that Coles Group had acquired the centre in 2023 for $74.25 million, with the property now selling at a premium due to the security of the major retailer’s lease.

“Following the sale, Taplin Group will expand the Kurralta Village Shopping Centre, with Coles to grow its footprint to have a full-line supermarket,” he said.

Mr Mills added that the site also holds potential for residential development, with zoning allowing projects of up to eight storeys.

“In addition to anticipated significant development upside, the asset is underpinned by a secure, highly-defensive income stream with more than 80% generated from strongly-performing national tenants Coles and Kmart,” he said.

Knight Frank’s Max Frohlich said the sale highlights strong investor confidence in South Australia’s retail sector.

“Shopping centres are undoubtedly the most sought-after asset class in the Adelaide market, often transacting at yields firmer than the eastern states and below debt costs,” he said.



MOST POPULAR

BNW Developments has established a Sydney presence, joining Arada and Sobha Realty among the growing number of UAE developers pursuing Australian buyers and development opportunities.

Australian shares fell on Thursday as Wall Street weakness, rising oil and persistent rate concerns weighed on most of the market. The S&P/ASX 200 declined 0.72 per cent to 8,702. The All Ordinaries lost 0.66 per cent to finish at 8,897. Mining stocks were hit particularly hard, while real estate also dragged on the index. …

Related Stories
Property
Dopamine Design: A Couple Lists Their 1950s ‘Happy House’ in Palm Springs Ahead of Modernism Week
By Chava Gourarie 05/10/2026
Property
Dubai and Abu Dhabi’s Trophy-Home Developers Are Doubling Down on Waterfront Living
By Jake Emen 01/10/2026
Property of the Week
Kanebridge Property of the Week: Earlswood brings two eras together in Randwick
By Ruba Jaajaa 30/09/2026
Dopamine Design: A Couple Lists Their 1950s ‘Happy House’ in Palm Springs Ahead of Modernism Week

A vibrant 1954 Palm Springs home featuring eight colorful murals by late artist Shawn Savage is on the market for $2.295 million. The 2,237-square-foot property features bold hot-pink doors, three bedrooms, a pool, mountain views and playful interiors blending modern glamour with classic Palm Springs style.

By Chava Gourarie
Mon, Oct 5, 2026 3 min

A bold 1950s home in Palm Springs, California, adorned with eight colorful murals by the late artist Shawn Savage, is coming to market ahead of the city’s annual Modernism Week.

The white stucco home on El Camino Way, built in 1954 and recently renovated, has an asking price of $2.295 million. Its staggered facade features three playfully abstract murals on either side of double-height hot pink doors.

MORE: Megamansion Outside Princeton, N.J., With a Pub and Two-Story Library Heads to Auction

The sellers are Los Angeles-based partners John Freeman and Mathieu Faure, who knew it was “the one” when they saw it after several months of searching in the winter of 2023. “It’s a happy house,” Freeman said. “We really liked the feel of the house: the uniqueness, the openness, the brightness—and the art.”

Located in the Mesa neighborhood of Palm Springs, which backs up to the San Jacinto Mountains, the 2,237-square-foot house features three bedrooms, an angled bonus room and a yard with a pool, desert mountain views and another colorful mural running alongside the pool.

“I never thought in my life I would have a house with pink doors,” said Faure, a producer at Apple TV who is originally from Paris. “It’s so colorful, it’s so different. And so Palm Springs.”

Abstract murals can be found on the facade.
Abstract murals can be found on the facade.Patrick Ketchum

The layout of the home creates a smooth flow from the front doors through the open-plan common area—a foyer, bar, and living and dining room—into the kitchen around a fireplace wall and out to the yard. A corridor leads to a private bedroom wing, where the primary suite has floor-to-ceiling windows and the primary bath is only a tad smaller than the bedroom.

Faure has filled the home with Jonathan Adler furniture, rugs and accessories, riffing on the energetic California vibes of the house to create an aesthetic of “modern American glamour,” he said.

“It was enjoyable for me to play with different types of furniture and make this house ‘happy chic,’ as I describe it,” he said.

MORE: Beverly Hills Villa of Late Philanthropist Glorya Kaufman Sells for $19.25 Million

“He did a fantastic job,” said Freeman, who is an attorney and consultant. “It does kind of bring a smile to my face whenever I walk into the house.”

Since the furniture and decor were chosen for the particularities of the space, the couple is open to selling them with the home. Their West Hollywood house is already furnished; the collection doesn’t match the vibes of a Houston loft they bought near family; and Faure can’t imagine these pieces in New York—where he’s lived in the past—he said.

The duo bought the Palm Springs house for $1.925 million in 2024, according to property records, and will list the home Monday. They are represented by Stewart Smith, Patrick Jordan and Kevin Stanley of Bennion Deville Homes/Luxury Portfolio International.

The previous owners had purchased the home in 2021 for $975,000 and then spent more than two years and $700,000 on the renovation, according to Realtor.com. They commissioned Savage, a local Palm Springs artist and painter known for his joyful abstract work, to decorate the home.

MORE: Alpine Villa From Lady Gaga Movie ‘House of Gucci’ Lists for €2.9 Million

Savage, who died in 2024, lived in the Coachella Valley from 2003, and his work can be found in various local institutions and is on exhibit at the Illumine Gallery in Palm Springs. “Some artists pass through a place. Shawn Savage became a part of it,” the gallery’s description states.

Unsurprisingly, the murals invite lots of friendly conversations, as well as guided tours and interested lookers, but never to a degree that it disturbed the peacefulness of their home or the neighborhood, the sellers said. “It felt like living in an art gallery, and you have the exterior that you would share with the world,” Faure explained.

The neighborhood also played a role in their decision to buy, because of its access to the hiking trails of the San Jacinto Mountains, the lack of through-roads and the neighborly environment.

“It’s a very friendly place,” Faure said.

MOST POPULAR

Three completed developments bring a quieter, more thoughtful style of luxury living to Mosman, Neutral Bay and Crows Nest.

An opulent Ryde home, packed with cinema, pool, sauna and more, is hitting the auction block with a $1 reserve.

Related Stories
Money
Gen X Is Stuck in the Middle and Financially Squeezed. How One Financial Adviser Is Helping.
By Anne Field 18/03/2026
Property
Denver’s Most Expensive Home for Sale Is This Condo Asking $16 Million
By CASEY FARMER 14/04/2026
Lifestyle
Here’s What It’s Like to Retire to Portugal
By TRACEY FAULKINBURY 01/01/2026
0
Your Cart
Your cart is emptyReturn to Shop