We develop to enhance the customer product, experiences and services we offer at our centres.

Invest Manage Develop 04

McConaghy Properties has 55 years of development and construction capability.

These construction management, development management and project management skills and experience are embedded in McConaghy Properties.

Development Capability:

  • Market driven design solutions
  • Value add placemaking
  • Customer experience focused design
  • ESG-embedded design principle
  • End-to-end master planning, development and construction process
  • Using McConaghy Properties Builders License
  • Ensuring project costs and timeline are delivered


shopping centre
developments delivered


value spent in
development projects


retail space developed
& managed

Case Study

‘2022 Development’



cost of project


specialty sales growth


customer traffic growth

12 months post-reopening
in 2022

Castletown, Townsville was purchased in 1989. Since acquiring the centre McConaghy Properties have completed 8 different development stages. The final stage was completed in 2022 and saw the addition of a brand-new Coles with the centre now showcasing a total of 150 specialty retailers.

The approach we take is simple but disciplined; have a comprehensive understanding of the trade area, a strong view on the economic outlook for the region, a deep understanding of customers’ needs and ensure that invested capital is accretive to property returns.

The Castletown Stage 8 development has delivered the pre-eminent shopping destination within the Townsville market. The centre delivers an exceptional customer experience and showcases the immense depth of experience and capability that exists within our McConaghy Properties business.

Castletown 7
Castletown 7406
Castletown 4
Castletown 6947
Castletown 7539
Castletown 7522