A Strong Start to 2026

The first quarter of 2026 has delivered strong momentum across GEON’s development, leasing and management platforms, with continued progress across projects, new appointments and leasing activity throughout Queensland.

From construction milestones and planning approvals to portfolio growth and new management appointments, the year is off to a positive start across the business.

Development Update

Construction and planning activity continues to progress across a number of key projects within the GEON portfolio.

In North Queensland, improved weather conditions have supported strong progress at Riverway Plaza Stage 2, with construction activity continuing to advance across the site. Nearby, Hungry Jack’s and Banjo’s developments are also tracking toward practical completion in mid-2026.

At Fairfield & Co, Stage 4B is nearing completion, while planning milestones continue for the Aldi and Anytime Fitness development, with draft DA conditions received and final approvals expected shortly.

Planning, design and delivery activity is also progressing at Hatton Vale, including preparing for Stage 2 works.

Looking ahead to Q2, GEON expects continued construction progress, key project completions and further planning approvals across the portfolio.

Leasing Momentum Continues

Leasing activity remained strong throughout the quarter despite broader economic conditions, with continued demand across both metropolitan and regional markets.

A key highlight for the quarter is GEON’s appointment as exclusive leasing agents for a new Coles-anchored development in Emerald, Queensland. The project will deliver a mix of traditional retail, large format tenancies and pad sites, further strengthening GEON’s regional leasing pipeline.

Leasing momentum also continues at Riverway Plaza Stage 2 in Townsville, with several new operators secured including a sushi operator, Korean BBQ and a new tobacconist.

At Fairfield & Co, several leasing announcements are expected across upcoming stages, including a major tenant to be revealed in the coming months.

With a growing pipeline and continued team expansion, GEON expects strong leasing momentum to continue throughout 2026.

Asset & Property Management Growth

GEON’s management portfolio continued to expand during the quarter, with several new assets brought under management.

GEON was appointed to manage and lease Paradise Garden Shopping Village, with responsibilities including management of the existing centre, leasing of current vacancies and involvement in future development stages.

Additional management appointments this quarter include Hatton Vale Neighbourhood Centre in Queensland — a neighbourhood centre anchored by IGA comprising five tenancies and approximately 1,404sqm of GLA — as well as Gumvale in Rasmussen, Townsville, a convenience-based retail asset comprising eight specialty tenancies and approximately 758sqm of net lettable area.

These additions reflect GEON’s continued growth across both regional and metropolitan markets, with a focus on hands-on management and unlocking long-term asset value for owners and investors.

Syndicate Management

Following a successful Investor Information Evening last year, GEON is progressing its next syndicate opportunity focused on Queensland-based retail assets within high-growth regions.

Building on a strong track record of consistent cash returns and capital growth, the upcoming opportunity will further strengthen GEON’s position as a trusted property partner for both existing and prospective investors.

Further details are expected to be released in the coming months.

Looking Ahead

With a strong pipeline of development projects, leasing activity and management opportunities, GEON remains well positioned for a productive year ahead.

As activity continues across development, leasing and asset management, GEON remains focused on delivering long-term value across every stage of the property lifecycle.

We look forward to sharing further updates as progress continues into Q2.