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New South Wales 

GPT Sells Bankstown Homemaker Centre for $25.2 Million

March 17, 2010 Marc Pallisco GPT, homemaker centre, institution, Sydney Retail Sale, Sydney Shopping Centre Sale

GPT Group has sold its Bankstown Homemaker Centre for $25.2 million, on a high yield of just over 10 per cent.

The 18,600 square metre centre was valued at $24 million at December 31, 2009, the SMH reports.

Another three assets in the Homemaker Centre portfolio are still being marketed.

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  • ← REIA Criticises AHURI Housing Report, Likening Suggestions to Treating a Headache With a Hammer
  • Melbourne’s Target Centre Sells For $89.2 Million →

Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.

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