Calamvale Central sells for $62m
THE Australian Property Growth Fund, as trustee for the Domaine SEQ Growth Fund which is being wound up, has sold the Calamvale Central Shopping Centre in Brisbane for $62 million.
The price reflects a yield of passing yield of 8.15 per cent.
With 17,326 square metres at 662 Compton Road in Calamvale, in the city’s southern suburbs, the mall is anchored to two retailers until 2027: Woolworths and Big W.
There are also 61 specialty stores.
In April, APGF sold the Mt Gravatt Shopping Village to LaSalle Investment Management for $33.2m.
Calamvale Central is being purchased by interests associated with private investor Yu Feng Pty Ltd which holds a portfolio of 18 local shopping centres.
