Gold Coast shopping centre fetches $15.5m
Rededge Partners has sold Gold Coast growth corridor shopping centre held 12 years.
BMK Invest, represented by Rethink Investing, has paid $15.5 million for Rededge Coomera.
The result reflects a 7.04 per cent net passing yield.
Rededge Partners outlaid $8.8m.
The deal comes three months since we reported Arcana Capital sold Brisbane’s Rededge Redland Bay.
Rededge Coomera
On 6200 square metres at 133-139 Finnegan Way, Coomera, Rededge Coomera is fully let, with 1898 sqm.
IGA is the anchor.
There is also a dentist, medical centre and 75 car parks.
McGees’ Hugh Menck and Gavin Moore were the agents.
Coomera is about 27 kilometres north of Surfers Paradise and twice that distance south of Brisbane’s CBD.
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