Carindale Property Trust (CDP) is a development property trust whose sole investment is a 50% interest in Westfield Carindale, a chain of regional shopping centres based in Brisbane. The valuation of Westfield Carindale is $840.1 million with a capitalisation rate of 4.75%.
During the financial year 2019, the Trust, together with its Joint Venture partner APPF, purchased the Millennium Boulevard Office and Retail Centre adjoining Westfield Carindale for $28 million.