Lend Lease Buys Northgate Shopping Centre, Geraldton

LEND Lease Retail Partners 3 Fund has paid $46.5 million for the Northgate Shopping Centre in Geraldton, Western Australia.

Supermarket giant Coles, and variety store Target anchor the large centre which also includes 36 specialty shops.

The closed ended fund now has five assets in its portfolio,worth a total of $411 million, according to the AFR which reported the transaction.

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Marc Pallisco

Marc Pallisco

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

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