Perth David Jones, Hay Street Mall, Sells For $115 Million

The possible sale of David Jones follows that of the Floreat Forum, which traded for $100 million recently.  A half share of the Joondalup and Westfield Whitford City centres are also up for sale, according to the AFR, and could fetch about $750 million.

Another Centro managed fund, the MCS 17, also sold two of the eight Quensland properties it put up for auction yesterday: the Sands Hotel on the Sunshine Coast which sold for $5.6 million on a yield of 6.8 per cent; and the Newnham Hotel in Upper Mt Gravatt which sold for $5.5 million on a yield of almost 7.5 per cent.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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