REAL ESTATE INVESTMENT TRUSTS & FUNDS
Petrol king Nick Andrianakos has emerged as the buyer of a half-share in major Melbourne mall Northland, with the $385 million sale price coming in below expectations held by...
Colliers told Australian Property Journal in September – CBRE was also on the campaign –around $430 million was tipped for the 50% interest...
Andrianakos yet again joins ASX-listed Vicinity Centres as co-owner of a major shopping centre asset. Most recently, he bought 50% interest in...
The partnership already manages Broadmeadows Central in Victoria and Colonnades in South Australia...
Occupying a 19.04-hectare site, Northland features a substantial gross leasable area of approximately 98,000 sqm and is anchored by one of Victoria’s best-performing Myer stores...
The last transacted stake in a super-regional asset in Victoria prior to this year was Pacific Werribee in 2018, at a reported cap rate of 4%, well before...
Elsewhere in the Melbourne retail market, South Africa’s Woolworths Holdings has just sold the David Jones store in Bourke Street Mall with...
Meanwhile, Queensland Investment Corporation, which has been selling down major retail assets, has been close to striking a deal for Woodgrove Shopping Centre in...