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Written by Marc Pallisco
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Tuesday, 09 March 2010 21:25 |
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 ORIGIN Energy has sold a portfolio of five Victorian retail properties for $10.05 million.
The ASX listed company said that after a review of its retail market presence, the shops – which the company has owned since the 1960s - were surplus to its needs.
In Melbourne, Origin offloaded a shop and office in Bentleigh’s Centre Road shopping strip for $3.8 million, while in Oakleigh, a shop in Portman Street sold for $2.675 million, at a low 2.5 per cent yield. At 452 Sydney Road in Coburg, a former Origin shop now occupied by the Salvation Army, sold for $1.35 million.
Outgoing Origin assets also sold at auction this week in Ballarat (for $1.1 million) and Geelong ($1.125 million).
Gray Johnson’s Matt Hoath,and Jens Shoppert marketed the portfolio.
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