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.
