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Stockland Reportedly Buying Centro Harvey Bay Shopping Centre For $70 Million

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Written by Marc Pallisco   
Tuesday, 25 May 2010 00:45

STOCKLAND is reported to be paying about $70 million for the Centro Hervey Bay Shopping Centre.

The centre is being offloaded by CEntro and Bob Ell's Leda Holdings.

The 15,569 square metre centre is ancored by a SupaIGA, Kmart, Coles and Target, and includes 48 specialty retailers.

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Leighton Makes $95 Million From Sale of South Tower in Brisbane's HQ

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Written by Marc Pallisco   
Tuesday, 25 May 2010 00:20

HQ BrisbaneLEIGHTON Holdings has made about $95 million from the sale of a tower within its HQ Development in Brisbane's Fortitude Valley.

Swiss fund manager AFIAA Foundation for International Real Estate Investments has reportedly purchased the asset.

The twin tower project is due for completion this year.

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Westpac Building in Brisbane's Queen Street Mall For Sale

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Written by Marc Pallisco   
Thursday, 13 May 2010 02:04

QUEEN Street Mall’s prominent Westpac building has hit the market, and is expected to sell for about $40 million.

The nine-level Brisbane CBD building, developed in the 1930s, has been listed for sale by the family of late property developer Lou Ferro.

The building and an adjoining tower measure more than 6000 square metres, but will not be sold fully occupied.

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Village Fair SC, Queensland, Sells For $17.5 Million on 8.9 Per Cent Yield

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Written by Marc Pallisco   
Saturday, 08 May 2010 18:10

QUEENSLAND's Village Fair Shopping Centre, in Regents Park, sold today for $17.5 million.

The centre sold on a yield of 8.9 per cent, based on the annual rental of $1.55 million.

Village Fair includes a Supa IGA supermarket and 26 specialty stores.

A statement released by the selling gent this week is copied below:

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Gold Coast's Miami One Shopping Centre For Sale

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Written by Marc Pallisco   
Saturday, 08 May 2010 17:47

GOLD Coast's Miami One Shopping Centre has been listed for sale.

Assuming a retail yield of about 8 per cent, the centre would sell at a price of about $22 million.

Below is an announcement about the listing, by the selling agent.

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